GlobalWafers Co (LUX:GLOBW) Receivables Turnover : 1.48 (As of Mar. 2024)

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What is GlobalWafers 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. GlobalWafers Co's Revenue for the three months ended in Mar. 2024 was $476 Mil. GlobalWafers Co's average Accounts Receivable for the three months ended in Mar. 2024 was $321 Mil. Hence, GlobalWafers Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.48.

GlobalWafers Co Receivables Turnover Historical Data

The historical data trend for GlobalWafers 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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GlobalWafers Co Receivables Turnover Chart

GlobalWafers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.75

7.09

7.18

6.95

6.90

GlobalWafers 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															1.83	1.70	1.64	1.68	1.48

Competitive Comparison of GlobalWafers Co's Receivables Turnover

For the Semiconductors subindustry, GlobalWafers 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.

GlobalWafers Co's Receivables Turnover Distribution in the Semiconductors Industry

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

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

GlobalWafers Co Receivables Turnover Calculation

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

GlobalWafers 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 )
=	2260.742	/ (	(331.463	+	323.703)	/	2 )
=	2260.742	/	327.583
=	6.90

GlobalWafers 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 )
=	476.047	/ (	(323.703	+	317.469)	/	2 )
=	476.047	/	320.586
=	1.48

GlobalWafers Co (LUX:GLOBW) 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.

GlobalWafers Co Receivables Turnover Related Terms

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GlobalWafers Co (LUX:GLOBW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GlobalWafers Co Ltd (LUX:GLOBW) » Definitions » Receivables Turnover

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6488:Taiwan

Address

No. 8, Industrial East Road 2, Science-Based Industrial Park, Hsinchu, TWN

Website

https://www.sas-globalwafers.com

GlobalWafers is 51% owned by Sino-American Silicon Products Inc, after being spun off in 2011. The main source of the company's revenue is selling silicon wafers to chipmakers like Taiwan Semiconductor and Texas Instruments. It also derives sales from nonsilicon wafers and green energy. GlobalWafers runs 17 production sites in nine countries across Asia, North America, and Europe. GlobalWafers is headquartered in Hsinchu, Taiwan, and employs over 7,000 people.

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