Apex International Financial Engineering Res & Tec Co (ROCO:5210) Receivables Turnover : 7.68 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Apex International Financial Engineering Res & Tec 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. Apex International Financial Engineering Res & Tec Co's Revenue for the three months ended in Mar. 2024 was NT$74.6 Mil. Apex International Financial Engineering Res & Tec Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$9.7 Mil. Hence, Apex International Financial Engineering Res & Tec Co's Receivables Turnover for the three months ended in Mar. 2024 was 7.68.

Apex International Financial Engineering Res & Tec Co Receivables Turnover Historical Data

The historical data trend for Apex International Financial Engineering Res & Tec 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.

* Premium members only.

Apex International Financial Engineering Res & Tec Co Receivables Turnover Chart

Apex International Financial Engineering Res & Tec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

16.83

22.29

41.17

33.80

30.76

Apex International Financial Engineering Res & Tec 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															6.21	6.06	5.40	11.40	7.68

Competitive Comparison of Apex International Financial Engineering Res & Tec Co's Receivables Turnover

For the Software - Application subindustry, Apex International Financial Engineering Res & Tec 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.

Apex International Financial Engineering Res & Tec Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Apex International Financial Engineering Res & Tec Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Apex International Financial Engineering Res & Tec Co's Receivables Turnover falls into.

Apex International Financial Engineering Res & Tec Co Receivables Turnover Calculation

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

Apex International Financial Engineering Res & Tec 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 )
=	261.983	/ (	(13.524	+	3.511)	/	2 )
=	261.983	/	8.5175
=	30.76

Apex International Financial Engineering Res & Tec 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 )
=	74.572	/ (	(3.511	+	15.917)	/	2 )
=	74.572	/	9.714
=	7.68

Apex International Financial Engineering Res & Tec Co (ROCO:5210) 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.

Apex International Financial Engineering Res & Tec Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Apex International Financial Engineering Res & Tec Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Apex International Financial Engineering Res & Tec Co (ROCO:5210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Apex International Financial Engineering Res & Tec Co Ltd (ROCO:5210) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 329, Xinhu 2nd Road, 5th Floor, Neihu District, Taipei, TWN

Website

https://www.apex.com.tw

Apex International Financial Engineering Res & Tec Co Ltd is a Taiwan-based company engaged in providing financial technology integration services. The segments of the company are Information Services, Green Energy Development, and Investment, of which maximum revenue is generated from Information Services. The Company is mainly engaged in information software service, electronic information supply service, system integration service, and solar power equipment engineering contracts.

Apex International Financial Engineering Res & Tec Co (ROCO:5210) Headlines

No Headlines