Chu Yu Hsiang Co (ROCO:2760) Receivables Turnover : 19.80 (As of Dec. 2023)

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What is Chu Yu Hsiang 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. Chu Yu Hsiang Co's Revenue for the six months ended in Dec. 2023 was NT$113.1 Mil. Chu Yu Hsiang Co's average Accounts Receivable for the six months ended in Dec. 2023 was NT$5.7 Mil. Hence, Chu Yu Hsiang Co's Receivables Turnover for the six months ended in Dec. 2023 was 19.80.

Chu Yu Hsiang Co Receivables Turnover Historical Data

The historical data trend for Chu Yu Hsiang 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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Chu Yu Hsiang Co Receivables Turnover Chart

Chu Yu Hsiang Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

217.28

115.83

124.89

75.39

42.49

Chu Yu Hsiang Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			87.94	41.45	26.53	18.01	19.80

Competitive Comparison of Chu Yu Hsiang Co's Receivables Turnover

For the Restaurants subindustry, Chu Yu Hsiang 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.

Chu Yu Hsiang Co's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chu Yu Hsiang Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chu Yu Hsiang Co's Receivables Turnover falls into.

Chu Yu Hsiang Co Receivables Turnover Calculation

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

Chu Yu Hsiang 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 )
=	222.469	/ (	(5.599	+	4.872)	/	2 )
=	222.469	/	5.2355
=	42.49

Chu Yu Hsiang Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	113.073	/ (	(6.547	+	4.872)	/	2 )
=	113.073	/	5.7095
=	19.80

Chu Yu Hsiang Co (ROCO:2760) 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.

Chu Yu Hsiang Co Receivables Turnover Related Terms

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Chu Yu Hsiang Co (ROCO:2760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chu Yu Hsiang Co Ltd (ROCO:2760) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Sec. 1, Huizhong Road, 21st Floor-2,, Xitun District, Taichung, TWN, 407

Website

https://www.dingtea.com

Chu Yu Hsiang Co Ltd operates a chain of cafe under the Ding Tea brand and sales of related products. The company's product portfolio includes flavored milk, flavored tea, fresh tea, classical flavored tea, yogurt, coffee and chocolate creamy mixture, and creamy milk.

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