Dongkuk Steel Mill Co spin off (XKRX:460860) Receivables Turnover : 2.32 (As of Mar. 2024)

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What is Dongkuk Steel Mill Co spin off 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. Dongkuk Steel Mill Co spin off's Revenue for the three months ended in Mar. 2024 was ₩927,257 Mil. Dongkuk Steel Mill Co spin off's average Accounts Receivable for the three months ended in Mar. 2024 was ₩399,910 Mil. Hence, Dongkuk Steel Mill Co spin off's Receivables Turnover for the three months ended in Mar. 2024 was 2.32.

Dongkuk Steel Mill Co spin off Receivables Turnover Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off Receivables Turnover Chart

Dongkuk Steel Mill Co spin off Annual Data

Trend

Dec23

Receivables Turnover

6.40

Dongkuk Steel Mill Co spin off Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	-	2.18	2.61	2.32

Competitive Comparison of Dongkuk Steel Mill Co spin off's Receivables Turnover

For the Steel subindustry, Dongkuk Steel Mill Co spin off'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.

Dongkuk Steel Mill Co spin off's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dongkuk Steel Mill Co spin off's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dongkuk Steel Mill Co spin off's Receivables Turnover falls into.

Dongkuk Steel Mill Co spin off Receivables Turnover Calculation

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

Dongkuk Steel Mill Co spin off'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: . 20 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2632104.129	/ (	(	+	411275.503)	/	1 )
=	2632104.129	/	411275.503
=	6.40

Dongkuk Steel Mill Co spin off'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 )
=	927256.594	/ (	(411275.503	+	388543.889)	/	2 )
=	927256.594	/	399909.696
=	2.32

Dongkuk Steel Mill Co spin off (XKRX:460860) 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.

Dongkuk Steel Mill Co spin off Receivables Turnover Related Terms

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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd spin off (XKRX:460860) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuk.com

Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

Dongkuk Steel Mill Co spin off (XKRX:460860) Headlines

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