Camellia Metal Co (ROCO:2064) Receivables Turnover : 1.33 (As of Mar. 2024)

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What is Camellia Metal 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. Camellia Metal Co's Revenue for the three months ended in Mar. 2024 was NT$355 Mil. Camellia Metal Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$266 Mil. Hence, Camellia Metal Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.33.

Camellia Metal Co Receivables Turnover Historical Data

The historical data trend for Camellia Metal 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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Camellia Metal Co Receivables Turnover Chart

Camellia Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.05

4.54

6.28

5.28

4.77

Camellia Metal 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															1.20	1.24	1.31	1.37	1.33

Competitive Comparison of Camellia Metal Co's Receivables Turnover

For the Steel subindustry, Camellia Metal 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.

Camellia Metal Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Camellia Metal Co's Receivables Turnover distribution charts can be found below:

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

Camellia Metal Co Receivables Turnover Calculation

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

Camellia Metal 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 )
=	1430.228	/ (	(331.697	+	268.444)	/	2 )
=	1430.228	/	300.0705
=	4.77

Camellia Metal 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 )
=	355.204	/ (	(268.444	+	264.304)	/	2 )
=	355.204	/	266.374
=	1.33

Camellia Metal Co (ROCO:2064) 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.

Camellia Metal Co Receivables Turnover Related Terms

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Camellia Metal Co (ROCO:2064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Camellia Metal Co Ltd (ROCO:2064) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No.24, Lugong Road, Chang Bin Industrial Park, Lukang Township, Changhua, TWN, 50544

Website

http://www.camelliametal.com

Camellia Metal Co Ltd is a Taiwan-based steel bar and wire supplier. The company manufactures bar and wire products ranging from low to high carbon, free cutting, alloy steel, stainless steel, and other types. The company offered products used in the areas of building materials, medical, IT, automotive, aerospace, household appliances, and others. The company generates the majority of its revenue from Taiwan followed by Indonesia, China, Hong Kong, Malaysia, Thailand, and others.

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