FormFactor (FRA:FMF) Receivables Turnover: 1.77 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:FMF FormFactor Inc FRA:FMF
70 GF Score
Price €89.52
GF Value €43.97
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is FormFactor Receivables Turnover?

FormFactor FRA:FMF -8.84% 70 Receivables Turnover is 1.77 as of Mar. 2026. GuruFocus rates FRA:FMF with a GF Score™ of 70/100 and a GF Value™ of €43.97 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,018 Semiconductors companies, FormFactor ranks better than 62.57% on this metric.

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. FormFactor's Revenue for the three months ended in Mar. 2026 was €195.6 Mil. FormFactor's average Accounts Receivable for the three months ended in Mar. 2026 was €110.7 Mil. Hence, FormFactor's Receivables Turnover for the three months ended in Mar. 2026 was 1.77.


FormFactor  (FRA:FMF) 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.


FormFactor Receivables Turnover Related Terms


FormFactor Receivables Turnover Historical Data

* Premium members only.

The historical data trend for FormFactor'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.

FormFactor Receivables Turnover Chart

FormFactor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.14 7.61 6.85 7.52 6.49

FormFactor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.78 1.62 1.67 1.77

FRA:FMF vs ACMR, CAMT, KLIC: Receivables Turnover Comparison

For the Semiconductor Equipment & Materials subindustry, FormFactor'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.


FormFactor Receivables Turnover vs Semiconductors Industry

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

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


FRA:FMF
70GF Score
FormFactor Inc FRA:FMF
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FormFactor Receivables Turnover Calculation

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

FormFactor's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=670.384 / ((99.601 + 107.105) / 2 )
=670.384 / 103.353
=6.49

FormFactor's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=195.615 / ((107.105 + 114.314) / 2 )
=195.615 / 110.7095
=1.77

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.77 mean?
FormFactor (FRA:FMF) has a Receivables Turnover of 1.77 as of Mar. 2026. The accounts 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. View historical data on FormFactor and its competitors. According to the industry distribution chart, FormFactor ranks #381 out of 1018 companies in the Semiconductors industry, placing it in the top 37.4%.
Is FormFactor's Receivables Turnover too high?
FormFactor's current Receivables Turnover is 1.77. The Semiconductors industry median Receivables Turnover is 5.82. FormFactor's value of 1.77 is 69.6% below this industry median. Based on the distribution chart, FormFactor ranks #381 out of 1018 companies in the Semiconductors industry, which is above the industry midpoint. Overall, FormFactor has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FormFactor's Receivables Turnover compare to ACMR and CAMT?
According to the Semiconductors industry distribution chart, FormFactor ranks #381 out of 1018 companies for Receivables Turnover. This puts FormFactor in the upper half of its industry. The industry median Receivables Turnover is 5.82. FormFactor's value of 1.77 is 69.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FormFactor's current Receivables Turnover of 1.77 is 69.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on FormFactor and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FormFactor's current Receivables Turnover is 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FormFactor stock overvalued right now?
Based on GuruFocus' analysis, FormFactor (FRA:FMF) is currently considered Significantly Overvalued. The stock's GF Value™ is €43.97, compared to a current price of €89.52 — trading 103.6% above its estimated fair value. The current Receivables Turnover is 1.77 and 69.6% below the Semiconductors industry median of 5.82. FormFactor's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For FormFactor (FRA:FMF), the current Receivables Turnover is 1.77 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FormFactor (FRA:FMF) Overvalued in 2026?

Based on GuruFocus' analysis, FormFactor stock appears to be overvalued. The current stock price of €89.52 is trading 103.6% above its estimated GF Value™ of €43.97. GuruFocus considers FormFactor to be Significantly Overvalued.

Key valuation signals for FRA:FMF:

  • Receivables Turnover: 1.77
  • GF Value™: €43.97 vs. price of €89.52 (103.6% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 69.6% below the Semiconductors median (#381 of 1018)

No single metric tells the full story. See the FRA:FMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FormFactor Business Description

Other Exchanges FORM:USAFMF:Germany
Address 7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test.. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
70GF Score

Get the complete analysis for FRA:FMF

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€89.52
Price
€43.97
GF Value