Hong Tai Electric Industrial Co (TPE:1612) Receivables Turnover : 1.55 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Hong Tai Electric Industrial 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. Hong Tai Electric Industrial Co's Revenue for the three months ended in Mar. 2024 was NT$1,458 Mil. Hong Tai Electric Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$938 Mil. Hence, Hong Tai Electric Industrial Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.55.

Hong Tai Electric Industrial Co Receivables Turnover Historical Data

The historical data trend for Hong Tai Electric Industrial 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.

Hong Tai Electric Industrial Co Receivables Turnover Chart

Hong Tai Electric Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.28

6.82

11.93

9.90

6.59

Hong Tai Electric Industrial 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															1.62	1.73	1.93	1.80	1.55

Competitive Comparison of Hong Tai Electric Industrial Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Hong Tai Electric Industrial 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.

Hong Tai Electric Industrial Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hong Tai Electric Industrial Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hong Tai Electric Industrial Co's Receivables Turnover falls into.

Hong Tai Electric Industrial Co Receivables Turnover Calculation

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

Hong Tai Electric Industrial 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 )
=	6195.025	/ (	(818.388	+	1062.603)	/	2 )
=	6195.025	/	940.4955
=	6.59

Hong Tai Electric Industrial 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 )
=	1457.667	/ (	(1062.603	+	814.276)	/	2 )
=	1457.667	/	938.4395
=	1.55

Hong Tai Electric Industrial Co (TPE:1612) 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.

Hong Tai Electric Industrial Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Hong Tai Electric Industrial Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Tai Electric Industrial Co (TPE:1612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hong Tai Electric Industrial Co Ltd (TPE:1612) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Guojian 1st Rd, Guanyin District, Taoyuan, TWN

Website

https://www.hong-tai.com.tw

Hong Tai Electric Industrial Co Ltd manufactures & distributes electric wires & cables. It provides cross-linked polyethylene power cables, communication wires & cables, copper-clad laminates, insulation materials, & photovoltaics among others. The Group is organized into business units based on their products and services and has three reportable operating departments as follows A Dept, B Dept, and other Operating Dept. The majority of revenue comes from B Dept.

Hong Tai Electric Industrial Co (TPE:1612) Headlines

No Headlines