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Nokwon Commercials & Industries (XKRX:065560) Receivables Turnover : 1.43 (As of Mar. 2024)


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What is Nokwon Commercials & Industries 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. Nokwon Commercials & Industries's Revenue for the three months ended in Mar. 2024 was ₩4,490 Mil. Nokwon Commercials & Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₩3,136 Mil. Hence, Nokwon Commercials & Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.

Nokwon Commercials & Industries Receivables Turnover Historical Data

The historical data trend for Nokwon Commercials & Industries'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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Nokwon Commercials & Industries Receivables Turnover Chart

Nokwon Commercials & Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 1.36 1.37 1.07 1.49

Nokwon Commercials & Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.82 0.48 1.80 1.43

Competitive Comparison of Nokwon Commercials & Industries's Receivables Turnover

For the Software - Application subindustry, Nokwon Commercials & Industries'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.

Nokwon Commercials & Industries's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Nokwon Commercials & Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nokwon Commercials & Industries's Receivables Turnover falls into.


Nokwon Commercials & Industries Receivables Turnover Calculation

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

Nokwon Commercials & Industries's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=19341.373 / ((22467.787 + 3414.178) / 2 )
=19341.373 / 12940.9825
=1.49

Nokwon Commercials & Industries'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 )
=4489.513 / ((3414.178 + 2857.629) / 2 )
=4489.513 / 3135.9035
=1.43

* 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.

Nokwon Commercials & Industries  (XKRX:065560) 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.

Nokwon Commercials & Industries Receivables Turnover Related Terms

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Nokwon Commercials & Industries (XKRX:065560) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Nokwon Commercials & Industries Inc (XKRX:065560) » Definitions » Receivables Turnover
Comparable Companies
XKRX:336060 XKRX:040160 XKRX:072770 XKRX:234300 XKRX:053980 XKRX:262840 XKRX:047560 XKRX:060850 XKRX:041020 XKRX:158430 CRM INTU XTER:SAP NOW XPAR:DSY UBER TEAM TSX:SHOP WDAY ADSK
Traded in Other Exchanges
N/A
Address
165, Gasan Digital 1-ro, 13F, Gasan Business Center, Geumcheon-gu, Seoul, KOR, 153-803
Website
http://www.nokwoncni.co.kr
Nokwon Commercials & Industries Inc operates as a software application provider in South Korea. The company is engaged in development of geographic information system.

Nokwon Commercials & Industries (XKRX:065560) Headlines

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