eMemory Technology (ROCO:3529) Receivables Turnover : 3.39 (As of Mar. 2024)

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What is eMemory 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. eMemory Technology's Revenue for the three months ended in Mar. 2024 was NT$803 Mil. eMemory Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$237 Mil. Hence, eMemory Technology's Receivables Turnover for the three months ended in Mar. 2024 was 3.39.

eMemory Technology Receivables Turnover Historical Data

The historical data trend for eMemory 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.

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eMemory Technology Receivables Turnover Chart

eMemory Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.89

14.55

21.48

18.64

13.95

eMemory Technology 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															3.15	3.04	2.44	3.19	3.39

Competitive Comparison of eMemory Technology's Receivables Turnover

For the Semiconductors subindustry, eMemory 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.

eMemory Technology's Receivables Turnover Distribution in the Semiconductors Industry

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

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

eMemory Technology Receivables Turnover Calculation

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

eMemory Technology'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 )
=	3050.325	/ (	(242.452	+	194.96)	/	2 )
=	3050.325	/	218.706
=	13.95

eMemory 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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	802.764	/ (	(194.96	+	278.694)	/	2 )
=	802.764	/	236.827
=	3.39

eMemory Technology (ROCO:3529) 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.

eMemory Technology Receivables Turnover Related Terms

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eMemory Technology (ROCO:3529) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » eMemory Technology Inc (ROCO:3529) » Definitions » Receivables Turnover

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Address

8th Floor, No. 5, Tai-Yuan 1st Street, Hsinchu, Jhubei, TWN, 302082

Website

https://www.ememory.com.tw

eMemory Technology Inc provides and develops embedded flash memory products. It licenses its intellectual property (IP) to semiconductor foundries, integrated devices manufacturers and design houses. Its products are NeoBit, NeoFuse, NeoMTP, NeoPUF, and NeoEE. The company earns revenue in the form of Royalty and Income generated from the Technical Service provided, out of which the majority comes from the Royalties. The company operates in Taiwan, China, Singapore, Korea, the United States of America and other countries. Taiwan contributes to the majority of the revenue.

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