ADM Korea (XKRX:187660) Receivables Turnover : 2.09 (As of Mar. 2024)

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What is ADM Korea 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. ADM Korea's Revenue for the three months ended in Mar. 2024 was ₩2,933 Mil. ADM Korea's average Accounts Receivable for the three months ended in Mar. 2024 was ₩1,401 Mil. Hence, ADM Korea's Receivables Turnover for the three months ended in Mar. 2024 was 2.09.

ADM Korea Receivables Turnover Historical Data

The historical data trend for ADM Korea'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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ADM Korea Receivables Turnover Chart

ADM Korea Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.04

24.53

71.80

34.80

13.27

ADM Korea Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											7.46	7.09	5.91	3.40	2.09

Competitive Comparison of ADM Korea's Receivables Turnover

For the Medical Care Facilities subindustry, ADM Korea'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.

ADM Korea's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, ADM Korea's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ADM Korea's Receivables Turnover falls into.

ADM Korea Receivables Turnover Calculation

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

ADM Korea'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 )
=	13790.196	/ (	(677.644	+	1401.356)	/	2 )
=	13790.196	/	1039.5
=	13.27

ADM Korea'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 )
=	2932.547	/ (	(1401.356	+	0)	/	1 )
=	2932.547	/	1401.356
=	2.09

ADM Korea (XKRX:187660) 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.

ADM Korea Receivables Turnover Related Terms

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ADM Korea (XKRX:187660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ADM Korea Inc (XKRX:187660) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.711, 19, Saemunanro5gil, Jongro-gu, Seoul, KOR, 03173

Website

http://www.admkorea.co.kr

ADM Korea Inc is a clinical service provider. Its services include clinical operations, project management, regulatory affairs, data management, statistical analysis, quality assurance and audit, product development, pharmacovigilance and others.

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