Tainan Enterprises Co (TPE:1473) Receivables Turnover : 1.57 (As of Mar. 2024)

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What is Tainan Enterprises 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. Tainan Enterprises Co's Revenue for the three months ended in Mar. 2024 was NT$2,314 Mil. Tainan Enterprises Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,470 Mil. Hence, Tainan Enterprises Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.57.

Tainan Enterprises Co Receivables Turnover Historical Data

The historical data trend for Tainan Enterprises 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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Tainan Enterprises Co Receivables Turnover Chart

Tainan Enterprises Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.11

5.46

5.30

6.47

5.49

Tainan Enterprises 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															1.48	1.30	1.44	1.32	1.57

Competitive Comparison of Tainan Enterprises Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Tainan Enterprises 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.

Tainan Enterprises Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tainan Enterprises Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tainan Enterprises Co's Receivables Turnover falls into.

Tainan Enterprises Co Receivables Turnover Calculation

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

Tainan Enterprises 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 )
=	6508.3	/ (	(1183.709	+	1186.664)	/	2 )
=	6508.3	/	1185.1865
=	5.49

Tainan Enterprises 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 )
=	2313.97	/ (	(1186.664	+	1754.076)	/	2 )
=	2313.97	/	1470.37
=	1.57

Tainan Enterprises Co (TPE:1473) 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.

Tainan Enterprises Co Receivables Turnover Related Terms

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Tainan Enterprises Co (TPE:1473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tainan Enterprises Co Ltd (TPE:1473) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15-1, Han-Chou South Road, Sec.1, Taipei, TWN

Website

https://www.eng.tai-nan.com

Tainan Enterprises Co Ltd engages in the manufacturing, retail and export of various kinds of apparels (including woven and knitted garments) in Taiwan. It is principally involved in the manufacturing of all kinds of clothes. Its products include pants, shirts, dresses, skirts, jackets, vests, and coats. It provides its products under agent brands, such as Camel Active and New man, as well as its own brands, including Tony Jeans, TW Design, Emely Sweetie and others. Geographically the company distributes its services in Taiwan and the United States.

Tainan Enterprises Co (TPE:1473) Headlines

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