ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Receivables Turnover : 1.07 (As of Dec. 2023)

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What is ChipMOS TECHNOLOGIES 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. ChipMOS TECHNOLOGIES's Revenue for the three months ended in Dec. 2023 was $183.2 Mil. ChipMOS TECHNOLOGIES's average Accounts Receivable for the three months ended in Dec. 2023 was $170.4 Mil. Hence, ChipMOS TECHNOLOGIES's Receivables Turnover for the three months ended in Dec. 2023 was 1.07.

ChipMOS TECHNOLOGIES Receivables Turnover Historical Data

The historical data trend for ChipMOS TECHNOLOGIES'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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ChipMOS TECHNOLOGIES Receivables Turnover Chart

ChipMOS TECHNOLOGIES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.46

4.84

5.67

5.10

4.36

ChipMOS TECHNOLOGIES Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.50	-	-	-	1.07

Competitive Comparison of ChipMOS TECHNOLOGIES's Receivables Turnover

For the Semiconductors subindustry, ChipMOS TECHNOLOGIES'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.

ChipMOS TECHNOLOGIES's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where ChipMOS TECHNOLOGIES's Receivables Turnover falls into.

ChipMOS TECHNOLOGIES Receivables Turnover Calculation

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

ChipMOS TECHNOLOGIES'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 )
=	683.366	/ (	(142.944	+	170.436)	/	2 )
=	683.366	/	156.69
=	4.36

ChipMOS TECHNOLOGIES'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	183.204	/ (	(0	+	170.436)	/	1 )
=	183.204	/	170.436
=	1.07

ChipMOS TECHNOLOGIES (NAS:IMOS) 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.

ChipMOS TECHNOLOGIES Receivables Turnover Related Terms

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ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ChipMOS TECHNOLOGIES Inc (NAS:IMOS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

8150:Taiwan CPIA:Germany CPIA:Germany

Address

No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.chipmos.com

ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.