Visco Vision (TPE:6782) Receivables Turnover : 1.74 (As of Mar. 2024)

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What is Visco Vision 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. Visco Vision's Revenue for the three months ended in Mar. 2024 was NT$816 Mil. Visco Vision's average Accounts Receivable for the three months ended in Mar. 2024 was NT$469 Mil. Hence, Visco Vision's Receivables Turnover for the three months ended in Mar. 2024 was 1.74.

Visco Vision Receivables Turnover Historical Data

The historical data trend for Visco Vision'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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Visco Vision Receivables Turnover Chart

Visco Vision Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.91

7.17

7.15

9.07

7.11

Visco Vision Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														1.66	1.77	1.93	1.77	1.74

Competitive Comparison of Visco Vision's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Visco Vision'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.

Visco Vision's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Visco Vision's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Visco Vision's Receivables Turnover falls into.

Visco Vision Receivables Turnover Calculation

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

Visco Vision'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 )
=	2397.675	/ (	(299.943	+	374.405)	/	2 )
=	2397.675	/	337.174
=	7.11

Visco Vision'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 )
=	815.946	/ (	(374.405	+	564.274)	/	2 )
=	815.946	/	469.3395
=	1.74

Visco Vision (TPE:6782) 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.

Visco Vision Receivables Turnover Related Terms

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Visco Vision (TPE:6782) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visco Vision Inc (TPE:6782) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xingye Street, Guishan District, Taoyuan, TWN, 33341

Website

http://www.viscovision.com.tw

Visco Vision Inc is a manufacturer and seller of disposable contact lenses. The company manufactures Spherical Lenses, Multifocal lenses, Toric lenses, and Cosmetic lenses. The company earns maximum revenue from Asia followed by Europe and America.

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