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Bluetop Co (XKRX:191600) Receivables Turnover : 4.93 (As of Dec. 2023)


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What is Bluetop Co 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. Bluetop Co's Revenue for the six months ended in Dec. 2023 was ₩47,642 Mil. Bluetop Co's average Accounts Receivable for the six months ended in Dec. 2023 was ₩9,672 Mil. Hence, Bluetop Co's Receivables Turnover for the six months ended in Dec. 2023 was 4.93.


Bluetop Co Receivables Turnover Historical Data

The historical data trend for Bluetop Co'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.

* Premium members only.

Bluetop Co Receivables Turnover Chart

Bluetop Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 4.48 4.05 4.69 5.59 4.93

Bluetop Co Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 4.48 4.05 4.69 5.59 4.93

Competitive Comparison of Bluetop Co's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Bluetop Co'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.


Bluetop Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Bluetop Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bluetop Co's Receivables Turnover falls into.



Bluetop Co Receivables Turnover Calculation

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

Bluetop Co'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 )
=47641.599 / ((8269.247 + 11075.566) / 2 )
=47641.599 / 9672.4065
=4.93

Bluetop Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=47641.599 / ((8269.247 + 11075.566) / 2 )
=47641.599 / 9672.4065
=4.93

* 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.


Bluetop Co  (XKRX:191600) 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.


Bluetop Co Receivables Turnover Related Terms

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Bluetop Co (XKRX:191600) Business Description

Traded in Other Exchanges
N/A
Address
280, Sihwa-ro, Danwon-gu, Ansan-si, Gyeonggi-do, ZAF
Bluetop Co Ltd formerly TKC Co Ltd develops technologies for the purpose of localizing Wet Process and Plating Process related with Information Technology.

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