Chenbro Micom Co (Chenbro Micom Co) Receivables Turnover : 0.86 (As of Mar. 2024)

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What is Chenbro Micom 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. Chenbro Micom Co's Revenue for the three months ended in Mar. 2024 was $87.51 Mil. Chenbro Micom Co's average Accounts Receivable for the three months ended in Mar. 2024 was $101.32 Mil. Hence, Chenbro Micom Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.86.

Chenbro Micom Co Receivables Turnover Historical Data

The historical data trend for Chenbro Micom 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.

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Chenbro Micom Co Receivables Turnover Chart

Chenbro Micom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.20

4.61

4.63

4.27

3.75

Chenbro Micom 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															0.84	1.29	1.05	1.67	0.86

Competitive Comparison of Chenbro Micom Co's Receivables Turnover

For the Computer Hardware subindustry, Chenbro Micom 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.

Chenbro Micom Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chenbro Micom Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chenbro Micom Co's Receivables Turnover falls into.

Chenbro Micom Co Receivables Turnover Calculation

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

Chenbro Micom 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 )
=	359.895	/ (	(76.592	+	115.162)	/	2 )
=	359.895	/	95.877
=	3.75

Chenbro Micom 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 )
=	87.505	/ (	(115.162	+	87.471)	/	2 )
=	87.505	/	101.3165
=	0.86

Chenbro Micom Co (GREY:CEOMF) 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.

Chenbro Micom Co Receivables Turnover Related Terms

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Chenbro Micom Co (Chenbro Micom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chenbro Micom Co Ltd (GREY:CEOMF) » Definitions » Receivables Turnover

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8210:Taiwan

Address

No.558, Zhongyuan Road, Xinzhuang District, 18 Floor, No.558, New Taipei City, Taipei, TWN, 242030

Website

https://www.chenbro.com

Chenbro Micom Co Ltd operates in the information and communication technology industry. The company and its subsidiaries are engaged in the computer software design, export, and import of computer products, peripherals, and systems of expendables. The company products include Barebone Server, Rackmount Chassis, Tower Server Chassis, PC Chassis, Storage Expansion Kit, and others. Its primary geographic markets are the United States, China, Taiwan, Singapore, and Others Countries out of which the United States and China generate maximum revenue for the company.

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