Solus Advanced Materials (XKRX:336370) Receivables Turnover : 1.70 (As of Mar. 2024)

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What is Solus Advanced Materials 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. Solus Advanced Materials's Revenue for the three months ended in Mar. 2024 was ₩121,305 Mil. Solus Advanced Materials's average Accounts Receivable for the three months ended in Mar. 2024 was ₩71,278 Mil. Hence, Solus Advanced Materials's Receivables Turnover for the three months ended in Mar. 2024 was 1.70.

Solus Advanced Materials Receivables Turnover Historical Data

The historical data trend for Solus Advanced Materials'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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Solus Advanced Materials Receivables Turnover Chart

Solus Advanced Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

1.28

5.26

5.72

4.97

5.76

Solus Advanced Materials Quarterly Data
	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												1.28	1.31	1.42	1.43	1.70

Competitive Comparison of Solus Advanced Materials's Receivables Turnover

For the Electronic Components subindustry, Solus Advanced Materials'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.

Solus Advanced Materials's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solus Advanced Materials's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Solus Advanced Materials's Receivables Turnover falls into.

Solus Advanced Materials Receivables Turnover Calculation

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

Solus Advanced Materials'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 )
=	429422.393	/ (	(90797.939	+	58341.115)	/	2 )
=	429422.393	/	74569.527
=	5.76

Solus Advanced Materials'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 )
=	121304.603	/ (	(58341.115	+	84215.765)	/	2 )
=	121304.603	/	71278.44
=	1.70

Solus Advanced Materials (XKRX:336370) 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.

Solus Advanced Materials Receivables Turnover Related Terms

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Solus Advanced Materials (XKRX:336370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solus Advanced Materials (XKRX:336370) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

33637L.PFD:Korea 33637K:Korea

Address

15, Jong-ro 33-gil, Jongno-gu, 6th Floor, Yeoungang B/D, Seoul, KOR, 03129

Website

https://www.solusadvancedmaterials.com

Solus Advanced Materials is a South Korea based company engaged in providing the copper foil for electronic devices. It also provides Battery copper foil for EV batteries, Electro Materials for mobile and TV and Natural materials for cosmeceutical, pharmaceutical and nutraceutical industries.

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