Sitronix Technology (TPE:8016) Receivables Turnover : 2.70 (As of Mar. 2024)

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What is Sitronix 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. Sitronix Technology's Revenue for the three months ended in Mar. 2024 was NT$4,149 Mil. Sitronix Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,536 Mil. Hence, Sitronix Technology's Receivables Turnover for the three months ended in Mar. 2024 was 2.70.

Sitronix Technology Receivables Turnover Historical Data

The historical data trend for Sitronix 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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Sitronix Technology Receivables Turnover Chart

Sitronix Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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8.72

10.01

9.94

13.36

11.34

Sitronix Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.75	2.96	3.24	2.81	2.70

Competitive Comparison of Sitronix Technology's Receivables Turnover

For the Semiconductors subindustry, Sitronix 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.

Sitronix Technology's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Sitronix Technology Receivables Turnover Calculation

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

Sitronix Technology's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	18027.827	/ (	(1952.11	+	1227.989)	/	2 )
=	18027.827	/	1590.0495
=	11.34

Sitronix 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4149.229	/ (	(1475.295	+	1596.189)	/	2 )
=	4149.229	/	1535.742
=	2.70

Sitronix Technology (TPE:8016) 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.

Sitronix Technology Receivables Turnover Related Terms

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Sitronix Technology (TPE:8016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sitronix Technology Corp (TPE:8016) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302

Website

https://www.sitronix.com.tw

Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

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