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Syncomm Technology (ROCO:3150) Receivables Turnover : 3.25 (As of Mar. 2024)


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What is Syncomm Technology 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. Syncomm Technology's Revenue for the three months ended in Mar. 2024 was NT$67.7 Mil. Syncomm Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$20.8 Mil. Hence, Syncomm Technology's Receivables Turnover for the three months ended in Mar. 2024 was 3.25.


Syncomm Technology Receivables Turnover Historical Data

The historical data trend for Syncomm Technology'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.

* Premium members only.

Syncomm Technology Receivables Turnover Chart

Syncomm Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.96 24.11 21.03 28.35 25.45

Syncomm Technology Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 2.96 3.39 4.08 3.58 3.25

Competitive Comparison of Syncomm Technology's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Syncomm Technology'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.


Syncomm Technology's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Syncomm Technology's Receivables Turnover distribution charts can be found below:

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



Syncomm Technology Receivables Turnover Calculation

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

Syncomm Technology's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=387.924 / ((11.056 + 19.435) / 2 )
=387.924 / 15.2455
=25.45

Syncomm Technology'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=67.693 / ((9.863 + 31.751) / 2 )
=67.693 / 20.807
=3.25

* 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.


Syncomm Technology  (ROCO:3150) 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.


Syncomm Technology Receivables Turnover Related Terms

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Syncomm Technology (ROCO:3150) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, East District, 10th Floor, No.101, Sec. 2, Hsinchu City, TWN, 30070
Syncomm Technology Corp is a Taiwan based fabless semiconductor company. It is specializing in real time wireless digital audio and video streaming technology. The company provides varieties of solutions ranging from mobile to multi-room, from MP3-like to audiophile quality in Taiwan.

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