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Zhen Yu Hardware Co (ROCO:2947) Receivables Turnover : 77.43 (As of Dec. 2024)


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What is Zhen Yu Hardware 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. Zhen Yu Hardware Co's Revenue for the three months ended in Dec. 2024 was NT$576 Mil. Zhen Yu Hardware Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$7 Mil. Hence, Zhen Yu Hardware Co's Receivables Turnover for the three months ended in Dec. 2024 was 77.43.


Zhen Yu Hardware Co Receivables Turnover Historical Data

The historical data trend for Zhen Yu Hardware 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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Zhen Yu Hardware Co Receivables Turnover Chart

Zhen Yu Hardware Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 457.40 375.48 305.33 212.78 229.62

Zhen Yu Hardware Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.81 42.34 43.44 55.73 77.43

Competitive Comparison of Zhen Yu Hardware Co's Receivables Turnover

For the Specialty Retail subindustry, Zhen Yu Hardware 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.


Zhen Yu Hardware Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zhen Yu Hardware Co's Receivables Turnover distribution charts can be found below:

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


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Zhen Yu Hardware Co Receivables Turnover Calculation

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

Zhen Yu Hardware Co'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 )
=2174.731 / ((12.049 + 6.893) / 2 )
=2174.731 / 9.471
=229.62

Zhen Yu Hardware Co'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: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=575.906 / ((7.982 + 6.893) / 2 )
=575.906 / 7.4375
=77.43

* 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.


Zhen Yu Hardware Co  (ROCO:2947) 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.


Zhen Yu Hardware Co Receivables Turnover Related Terms

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Zhen Yu Hardware Co Business Description

Traded in Other Exchanges
N/A
Address
No. 27, Section 2, Huanzhong Road, Xitun District, Taichung, TWN
Zhen Yu Hardware Co Ltd operates a chain of hardware supermarkets. It provides various types of hardware and repair tools and supplies.

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