Syn-Tech Chem & Pharm Co (ROCO:1777) Receivables Turnover : 1.90 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Syn-Tech Chem & Pharm 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. Syn-Tech Chem & Pharm Co's Revenue for the three months ended in Mar. 2024 was NT$270 Mil. Syn-Tech Chem & Pharm Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$142 Mil. Hence, Syn-Tech Chem & Pharm Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.90.

Syn-Tech Chem & Pharm Co Receivables Turnover Historical Data

The historical data trend for Syn-Tech Chem & Pharm 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.

* Premium members only.

Syn-Tech Chem & Pharm Co Receivables Turnover Chart

Syn-Tech Chem & Pharm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.86

9.54

10.92

10.17

9.11

Syn-Tech Chem & Pharm 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															2.23	2.03	2.53	1.96	1.90

Competitive Comparison of Syn-Tech Chem & Pharm Co's Receivables Turnover

For the Biotechnology subindustry, Syn-Tech Chem & Pharm 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.

Syn-Tech Chem & Pharm Co's Receivables Turnover Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Syn-Tech Chem & Pharm Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Syn-Tech Chem & Pharm Co's Receivables Turnover falls into.

Syn-Tech Chem & Pharm Co Receivables Turnover Calculation

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

Syn-Tech Chem & Pharm 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 )
=	1114.687	/ (	(113.163	+	131.548)	/	2 )
=	1114.687	/	122.3555
=	9.11

Syn-Tech Chem & Pharm 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 )
=	269.782	/ (	(131.548	+	152.528)	/	2 )
=	269.782	/	142.038
=	1.90

Syn-Tech Chem & Pharm Co (ROCO:1777) 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.

Syn-Tech Chem & Pharm Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Syn-Tech Chem & Pharm Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Syn-Tech Chem & Pharm Co (ROCO:1777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Syn-Tech Chem & Pharm Co Ltd (ROCO:1777) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Kai Yuan Road, Hsin Ying, TWN, 730

Website

http://www.syn-tech.com.tw

Syn-Tech Chem & Pharm Co Ltd is engaged in the production, processing, and distribution of active pharmaceutical ingredients (APIs) in Taiwan. some of its products consist of anti-inflammatory drugs, antimicrobials, spirit stabilizers, cardiovascular agents and others.

Syn-Tech Chem & Pharm Co (ROCO:1777) Headlines

No Headlines