Zen Voce (ROCO:3581) Receivables Turnover : 1.40 (As of Mar. 2024)

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What is Zen Voce 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. Zen Voce's Revenue for the three months ended in Mar. 2024 was NT$326 Mil. Zen Voce's average Accounts Receivable for the three months ended in Mar. 2024 was NT$234 Mil. Hence, Zen Voce's Receivables Turnover for the three months ended in Mar. 2024 was 1.40.

Zen Voce Receivables Turnover Historical Data

The historical data trend for Zen Voce'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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Zen Voce Receivables Turnover Chart

Zen Voce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.43

3.06

3.20

4.34

5.53

Zen Voce 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															1.24	1.15	1.36	1.53	1.40

Competitive Comparison of Zen Voce's Receivables Turnover

For the Semiconductors subindustry, Zen Voce'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.

Zen Voce's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Zen Voce's Receivables Turnover falls into.

Zen Voce Receivables Turnover Calculation

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

Zen Voce'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 )
=	1460.751	/ (	(316.64	+	211.502)	/	2 )
=	1460.751	/	264.071
=	5.53

Zen Voce'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 )
=	326.331	/ (	(211.502	+	255.522)	/	2 )
=	326.331	/	233.512
=	1.40

Zen Voce (ROCO:3581) 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.

Zen Voce Receivables Turnover Related Terms

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Zen Voce (ROCO:3581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zen Voce Corp (ROCO:3581) » Definitions » Receivables Turnover

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Address

No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441

Website

http://www.zenvoce.com

Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.

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