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Asiana IDT (XKRX:267850) Receivables Turnover : 1.20 (As of Mar. 2024)


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What is Asiana IDT 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. Asiana IDT's Revenue for the three months ended in Mar. 2024 was ₩46,734 Mil. Asiana IDT's average Accounts Receivable for the three months ended in Mar. 2024 was ₩38,908 Mil. Hence, Asiana IDT's Receivables Turnover for the three months ended in Mar. 2024 was 1.20.


Asiana IDT Receivables Turnover Historical Data

The historical data trend for Asiana IDT'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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Asiana IDT Receivables Turnover Chart

Asiana IDT 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 4.14 3.74 4.50 5.01 4.70

Asiana IDT 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 1.32 1.35 1.20 1.25 1.20

Competitive Comparison of Asiana IDT's Receivables Turnover

For the Information Technology Services subindustry, Asiana IDT'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.


Asiana IDT's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Asiana IDT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Asiana IDT's Receivables Turnover falls into.



Asiana IDT Receivables Turnover Calculation

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

Asiana IDT'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 )
=188353.921 / ((33711.965 + 46436.041) / 2 )
=188353.921 / 40074.003
=4.70

Asiana IDT'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 )
=46733.509 / ((46436.041 + 31380.79) / 2 )
=46733.509 / 38908.4155
=1.20

* 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.


Asiana IDT  (XKRX:267850) 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.


Asiana IDT Receivables Turnover Related Terms

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Asiana IDT (XKRX:267850) Business Description

Traded in Other Exchanges
N/A
Address
Sangan-ro 76, Jongno-gu, Kumho Asiana Main Building 5, 6, 7th Floor, Seoul, KOR, 03185
Asiana IDT Inc is a Korea based Information Technology (IT) company. It offers IT services such as IT consulting, system construction and It outsourcing to domestic and overseas customers. It mainly serves the aviation, airport, transportation, construction, finance and manufacturing industries.

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