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Godex International Co (ROCO:4987) Receivables Turnover : 1.74 (As of Mar. 2024)


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What is Godex International Co 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. Godex International Co's Revenue for the three months ended in Mar. 2024 was NT$254 Mil. Godex International Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$146 Mil. Hence, Godex International Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.74.


Godex International Co Receivables Turnover Historical Data

The historical data trend for Godex International Co'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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Godex International Co Receivables Turnover Chart

Godex International Co 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 6.99 5.88 7.34 7.57 7.21

Godex International Co 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 1.70 1.99 1.88 2.00 1.74

Competitive Comparison of Godex International Co's Receivables Turnover

For the Computer Hardware subindustry, Godex International Co'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.


Godex International Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Godex International Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Godex International Co's Receivables Turnover falls into.



Godex International Co Receivables Turnover Calculation

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

Godex International Co'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 )
=1147.724 / ((171.5 + 146.689) / 2 )
=1147.724 / 159.0945
=7.21

Godex International Co'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 )
=253.804 / ((146.689 + 144.841) / 2 )
=253.804 / 145.765
=1.74

* 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.


Godex International Co  (ROCO:4987) 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.


Godex International Co Receivables Turnover Related Terms

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Godex International Co (ROCO:4987) Business Description

Traded in Other Exchanges
N/A
Address
13F., No.168, Jiankang Road, Zhonghe District, New Taipei City, TWN
Godex International Co Ltd operates as an engineering company that designs and manufactures barcode printing products. The company produces industrial printers, desktop printers, mobile printers, scanners, accessories, and ribbons. Its products are applied in telecommunication, financial services, energy, education, construction, and others.

Godex International Co (ROCO:4987) Headlines

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