Konan Technology (XKRX:402030) Receivables Turnover : 0.91 (As of Mar. 2024)

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What is Konan Technology 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. Konan Technology's Revenue for the three months ended in Mar. 2024 was ₩2,573 Mil. Konan Technology's average Accounts Receivable for the three months ended in Mar. 2024 was ₩2,828 Mil. Hence, Konan Technology's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

Konan Technology Receivables Turnover Historical Data

The historical data trend for Konan Technology'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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Konan Technology Receivables Turnover Chart

Konan Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

6.09

6.72

8.85

7.51

Konan Technology Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							1.26	1.47	2.23	6.78	0.91

Competitive Comparison of Konan Technology's Receivables Turnover

For the Software - Infrastructure subindustry, Konan Technology'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.

Konan Technology's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Konan Technology's Receivables Turnover falls into.

Konan Technology Receivables Turnover Calculation

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

Konan Technology's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	15388.168	/ (	(1900.505	+	2195.237)	/	2 )
=	15388.168	/	2047.871
=	7.51

Konan Technology'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 )
=	2572.663	/ (	(4243.962	+	1412.905)	/	2 )
=	2572.663	/	2828.4335
=	0.91

Konan Technology (XKRX:402030) 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.

Konan Technology Receivables Turnover Related Terms

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Konan Technology (XKRX:402030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Konan Technology Inc (XKRX:402030) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daeryung Seocho Tower, 327, 6th and 7th Floor, Gangnam-daero, Seocho-gu, Seoul, KOR, 137-751

Website

https://www.konantech.com

Konan Technology Inc provides the smartest search/analysis/recommendation software and data service based on language and multimedia analysis technology. Its solutions comprise Crawler Solution, Analysis Solution, Search Solution, Content Management Solution, Mobile Solution.

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