Waffer Technology (TPE:6235) Receivables Turnover : 0.86 (As of Mar. 2024)

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What is Waffer 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. Waffer Technology's Revenue for the three months ended in Mar. 2024 was NT$1,556 Mil. Waffer Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,799 Mil. Hence, Waffer Technology's Receivables Turnover for the three months ended in Mar. 2024 was 0.86.

Waffer Technology Receivables Turnover Historical Data

The historical data trend for Waffer 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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Waffer Technology Receivables Turnover Chart

Waffer Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.15

2.79

3.18

3.47

3.63

Waffer 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															0.91	0.91	0.88	0.90	0.86

Competitive Comparison of Waffer Technology's Receivables Turnover

For the Metal Fabrication subindustry, Waffer 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.

Waffer Technology's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Waffer Technology's Receivables Turnover distribution charts can be found below:

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

Waffer Technology Receivables Turnover Calculation

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

Waffer 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 )
=	5774.2	/ (	(1410.169	+	1771.512)	/	2 )
=	5774.2	/	1590.8405
=	3.63

Waffer 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 )
=	1555.987	/ (	(1771.512	+	1826.465)	/	2 )
=	1555.987	/	1798.9885
=	0.86

Waffer Technology (TPE:6235) 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.

Waffer Technology Receivables Turnover Related Terms

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Waffer Technology (TPE:6235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waffer Technology Corp (TPE:6235) » Definitions » Receivables Turnover

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Address

No.200 Wenhua 2nd Rd, Guishan Township, Taoyuan, TWN, 33377

Website

https://www.waffer.biz

Waffer Technology Corp is a Taiwan-based company, that engages in the manufacture and sale of magnesium alloy and aluminum alloy die-casting components and products. It is engaged in the provision of a light-metal solution of magnesium and aluminum alloy, mold and tooling research and development, magnesium alloy injection, magnesium die-casting, CNC, and painting and assembly of vertical integration OEM/ODM processing. It serves its services to medical, industrial, telecommunications, construction, automotive, sporting goods, aeronautical, transportation, national defense, and other industries.

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