Unid Btplus (XKRX:446070) Receivables Turnover : 2.50 (As of Mar. 2024)

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What is Unid Btplus Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Unid Btplus's Revenue for the three months ended in Mar. 2024 was ₩51,090 Mil. Unid Btplus's average Accounts Receivable for the three months ended in Mar. 2024 was ₩20,475 Mil. Hence, Unid Btplus's Receivables Turnover for the three months ended in Mar. 2024 was 2.50.

Unid Btplus Receivables Turnover Historical Data

The historical data trend for Unid Btplus's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Unid Btplus Receivables Turnover Chart

Unid Btplus Annual Data

Trend

Dec22

Receivables Turnover

1.44

Unid Btplus Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	2.25	2.36	2.31	2.24	2.50

Competitive Comparison of Unid Btplus's Receivables Turnover

For the Lumber & Wood Production subindustry, Unid Btplus's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Unid Btplus's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Unid Btplus's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Unid Btplus's Receivables Turnover falls into.

Unid Btplus Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Unid Btplus's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	29221.282	/ (	(	+	20259.977)	/	1 )
=	29221.282	/	20259.977
=	1.44

Unid Btplus's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	51089.866	/ (	(18349.418	+	22600.843)	/	2 )
=	51089.866	/	20475.1305
=	2.50

Unid Btplus (XKRX:446070) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Unid Btplus Receivables Turnover Related Terms

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Unid Btplus (XKRX:446070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Unid Btplus (XKRX:446070) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Jung-gu, 17th Floor, Ferrum Tower, Suha-dong, Seoul, KOR

Website

https://www.unidbtplus.co.kr

Unid Btplus manufactures Medium Density Fiberboard (MDF), the main raw materials of furniture and interior design, and OLGODA flooring products.

Unid Btplus (XKRX:446070) Headlines

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