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Cubtek (ROCO:2252) Receivables Turnover : 2.81 (As of Dec. 2024)


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What is Cubtek 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. Cubtek's Revenue for the six months ended in Dec. 2024 was NT$246.4 Mil. Cubtek's average Accounts Receivable for the six months ended in Dec. 2024 was NT$87.7 Mil. Hence, Cubtek's Receivables Turnover for the six months ended in Dec. 2024 was 2.81.

Cubtek Receivables Turnover Historical Data

The historical data trend for Cubtek'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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Cubtek Receivables Turnover Chart

Cubtek Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 2.51 3.01 2.62 5.99 5.19

Cubtek Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.56 2.96 3.05 2.97 2.81

Competitive Comparison of Cubtek's Receivables Turnover

For the Auto Parts subindustry, Cubtek'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.

Cubtek's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cubtek's Receivables Turnover distribution charts can be found below:

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


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Cubtek Receivables Turnover Calculation

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

Cubtek's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=537.852 / ((114.198 + 93.258) / 2 )
=537.852 / 103.728
=5.19

Cubtek's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=246.444 / ((82.079 + 93.258) / 2 )
=246.444 / 87.6685
=2.81

* 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.

Cubtek  (ROCO:2252) 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.

Cubtek Receivables Turnover Related Terms

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Cubtek Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cubtek Inc (ROCO:2252) » Definitions » Receivables Turnover
Comparable Companies
TPE:1338 ROCO:2255 ROCO:4543 TPE:4581 ROCO:2235 TPE:1521 ROCO:1336 TPE:2248 ROCO:4528 TPE:1587 ORLY AZO TSE:6902 TSE:5108 XPAR:ML SHSE:600660 GPC XTER:CON XKRX:012330 XTER:KBX
Traded in Other Exchanges
N/A
Address
No.38, Taiyuan Street, 8, 6th Floor, Hsinchu County, Zhubei City, TWN, 302
Website
https://www.cubtek.com
Cubtek Inc invests in the R&D business and engages in the development of modules related to automotive safety systems.

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