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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. Tang Eng Iron Works Co's Revenue for the
three
months ended in Mar. 2026 was NT$2,474 Mil. Tang Eng Iron Works Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$88 Mil.
Hence, Tang Eng Iron Works Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 28.00.
Tang Eng Iron Works Co (ROCO:2035) 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.
Tang Eng Iron Works Co Receivables Turnover Related Terms
Tang Eng Iron Works Co Receivables Turnover Historical Data
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The historical data trend for Tang Eng Iron Works 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.
ROCO:2035 vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Tang Eng Iron Works 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.
Tang Eng Iron Works Co Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Tang Eng Iron Works Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Tang Eng Iron Works Co's Receivables Turnover falls into.
* 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.
Tang Eng Iron Works Co (ROCO:2035) has a Receivables Turnover of 28.00 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 Tang Eng Iron Works Co and its competitors. According to the industry distribution chart, Tang Eng Iron Works Co ranks #15 out of 607 companies in the Steel industry, placing it in the top 2.5%.
Is Tang Eng Iron Works Co's Receivables Turnover too high?
Tang Eng Iron Works Co's current Receivables Turnover is 28.00. The Steel industry median Receivables Turnover is 7.23. Tang Eng Iron Works Co's value of 28.00 is 287.3% above this industry median. Based on the distribution chart, Tang Eng Iron Works Co ranks #15 out of 607 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tang Eng Iron Works Co has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tang Eng Iron Works Co's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Tang Eng Iron Works Co ranks #15 out of 607 companies for Receivables Turnover. This places Tang Eng Iron Works Co in the top 3% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 7.23. Tang Eng Iron Works Co's value of 28.00 is 287.3% above 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 Steel company?
The median Receivables Turnover among Steel companies is 7.23, based on 607 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. Tang Eng Iron Works Co's current Receivables Turnover of 28.00 is 287.3% above 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 Tang Eng Iron Works Co and its competitors. For the Steel industry, the median Receivables Turnover is 7.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tang Eng Iron Works Co's current Receivables Turnover is 28.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tang Eng Iron Works Co stock overvalued right now?
Based on GuruFocus' analysis, Tang Eng Iron Works Co (ROCO:2035) is currently considered Fairly Valued. The stock's GF Value™ is NT$24.86, compared to a current price of NT$26.80 — trading 7.8% above its estimated fair value. The current Receivables Turnover is 28.00 and 287.3% above the Steel industry median of 7.23. Tang Eng Iron Works Co's overall GF Score™ is 45/100 with 6 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 Tang Eng Iron Works Co (ROCO:2035), the current Receivables Turnover is 28.00 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 Tang Eng Iron Works Co (ROCO:2035) Overvalued in 2026?
Based on GuruFocus' analysis, Tang Eng Iron Works Co stock appears to be overvalued.
The current stock price of NT$26.80 is trading 7.8% above its estimated GF Value™ of NT$24.86.
GuruFocus considers Tang Eng Iron Works Co to be Fairly Valued.
Key valuation signals for ROCO:2035:
Receivables Turnover: 28.00
GF Value™: NT$24.86 vs. price of NT$26.80 (7.8% above fair value)
Industry Position: 287.3% above the Steel median (#15 of 607)
No single metric tells the full story. See the ROCO:2035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tang Eng Iron Works Co Ltd is engaged in the manufacture and trading of stainless steel products. Its products include Anti-bacterial Stainless-Steel Coils and Products; Crimped Steel Board; Anti-bacterial Stainless-Steel Products; Duplex Stainless Steel; and Precipitation Hardening Stainless Steel. The company has only one reportable segment: the stainless steel segment that mainly manufactures and trades stainless steel products.
45GF Score
Get the complete analysis for ROCO:2035
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