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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. Etrend Hightech's Revenue for the
three
months ended in Mar. 2026 was NT$62.6 Mil. Etrend Hightech's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$72.8 Mil.
Hence, Etrend Hightech's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.86.
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.
Etrend Hightech Receivables Turnover Related Terms
Etrend Hightech Receivables Turnover Historical Data
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The historical data trend for Etrend Hightech'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.
ROCO:3567 vs NVDA, AVGO, MU: Receivables Turnover Comparison
For the Semiconductors subindustry, Etrend Hightech'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.
Etrend Hightech Receivables Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Etrend Hightech's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Etrend Hightech's Receivables Turnover falls into.
* 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.
Etrend Hightech (ROCO:3567) has a Receivables Turnover of 0.86 as of Mar. 2026. The accounts 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. View historical data on Etrend Hightech and its competitors. According to the industry distribution chart, Etrend Hightech ranks #802 out of 1018 companies in the Semiconductors industry, placing it in the top 78.8%.
Is Etrend Hightech's Receivables Turnover too high?
Etrend Hightech's current Receivables Turnover is 0.86. The Semiconductors industry median Receivables Turnover is 5.82. Etrend Hightech's value of 0.86 is 85.2% below this industry median. Based on the distribution chart, Etrend Hightech ranks #802 out of 1018 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Etrend Hightech has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Etrend Hightech's Receivables Turnover compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Etrend Hightech ranks #802 out of 1018 companies for Receivables Turnover. This places Etrend Hightech in the lower half of its industry. The industry median Receivables Turnover is 5.82. Etrend Hightech's value of 0.86 is 85.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Etrend Hightech's current Receivables Turnover of 0.86 is 85.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Etrend Hightech and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Etrend Hightech's current Receivables Turnover is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etrend Hightech stock overvalued right now?
Based on GuruFocus' analysis, Etrend Hightech (ROCO:3567) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.59, compared to a current price of NT$26.20 — trading 2.4% above its estimated fair value. The current Receivables Turnover is 0.86 and 85.2% below the Semiconductors industry median of 5.82. Etrend Hightech's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Etrend Hightech (ROCO:3567), the current Receivables Turnover is 0.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Etrend Hightech (ROCO:3567) Overvalued in 2026?
Based on GuruFocus' analysis, Etrend Hightech stock appears to be overvalued.
The current stock price of NT$26.20 is trading 2.4% above its estimated GF Value™ of NT$25.59.
GuruFocus considers Etrend Hightech to be Fairly Valued.
Key valuation signals for ROCO:3567:
Receivables Turnover: 0.86
GF Value™: NT$25.59 vs. price of NT$26.20 (2.4% above fair value)
Industry Position: 85.2% below the Semiconductors median (#802 of 1018)
No single metric tells the full story. See the ROCO:3567 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Etrend Hightech Corp provides analog and mixed-signal integrated circuits testing services. Its services include test program development, probe card/load board/DUT board design, kit design, test process flow design and test production.
69GF Score
Get the complete analysis for ROCO:3567
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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