Foxsemicon Integrated Technology (TPE:3413) Receivables Turnover : 3.49 (As of Mar. 2024)

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What is Foxsemicon Integrated Technology 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. Foxsemicon Integrated Technology's Revenue for the three months ended in Mar. 2024 was NT$3,322 Mil. Foxsemicon Integrated Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$952 Mil. Hence, Foxsemicon Integrated Technology's Receivables Turnover for the three months ended in Mar. 2024 was 3.49.

Foxsemicon Integrated Technology Receivables Turnover Historical Data

The historical data trend for Foxsemicon Integrated Technology'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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Foxsemicon Integrated Technology Receivables Turnover Chart

Foxsemicon Integrated Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.69

9.12

9.24

11.08

14.83

Foxsemicon Integrated Technology 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															3.31	3.30	3.34	4.11	3.49

Competitive Comparison of Foxsemicon Integrated Technology's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Foxsemicon Integrated Technology'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.

Foxsemicon Integrated Technology's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Foxsemicon Integrated Technology's Receivables Turnover falls into.

Foxsemicon Integrated Technology Receivables Turnover Calculation

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

Foxsemicon Integrated Technology'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 )
=	13051.357	/ (	(977.844	+	782.64)	/	2 )
=	13051.357	/	880.242
=	14.83

Foxsemicon Integrated Technology'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 )
=	3322.218	/ (	(782.64	+	1121.793)	/	2 )
=	3322.218	/	952.2165
=	3.49

Foxsemicon Integrated Technology (TPE:3413) 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.

Foxsemicon Integrated Technology Receivables Turnover Related Terms

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Foxsemicon Integrated Technology (TPE:3413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Foxsemicon Integrated Technology Inc (TPE:3413) » Definitions » Receivables Turnover

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Address

No. 16, Kezhong Road, Jhunan Science Park, Hsinchu Science Park Bureau, National Science Technology Council, Zhunan Township, Miaoli, TWN, 350401

Website

https://www.foxsemicon.com

Foxsemicon Integrated Technology Inc is engaged in research, development, design, manufacturing, and sales of subsystems and system integration of semiconductor equipment, subsystems and system integration of TFT-LCD, nano equipment, LED lighting, LED display product and other application product, photoelectric, communication wafer materials, and medical devices. The company's products are mainly used for the research, development, design, and manufacturing of equipment in the semiconductor industry, panel industry, optoelectronics, and energy industries, among others.

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