Eris Technology (ROCO:3675) Receivables Turnover : 1.20 (As of Mar. 2024)

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What is Eris 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. Eris Technology's Revenue for the three months ended in Mar. 2024 was NT$545 Mil. Eris Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$454 Mil. Hence, Eris Technology's Receivables Turnover for the three months ended in Mar. 2024 was 1.20.

Eris Technology Receivables Turnover Historical Data

The historical data trend for Eris 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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Eris Technology Receivables Turnover Chart

Eris Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.32

4.16

4.65

4.68

4.57

Eris 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															1.17	1.33	1.23	1.20	1.20

Competitive Comparison of Eris Technology's Receivables Turnover

For the Electronic Components subindustry, Eris 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.

Eris Technology's Receivables Turnover Distribution in the Hardware Industry

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

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

Eris Technology Receivables Turnover Calculation

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

Eris 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 )
=	1739.368	/ (	(410.458	+	350.836)	/	2 )
=	1739.368	/	380.647
=	4.57

Eris 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 )
=	544.918	/ (	(350.836	+	557.033)	/	2 )
=	544.918	/	453.9345
=	1.20

Eris Technology (ROCO:3675) 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.

Eris Technology Receivables Turnover Related Terms

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Eris Technology (ROCO:3675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eris Technology Corp (ROCO:3675) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 3, Beishen Road, 222 6th Floor, No. 17, Lane 155, Shenkeng District, New Taipei City, TWN, 22203

Website

https://www.eris.com.tw

Eris Technology Corp designs and manufactures after-market services for Diode products in Taiwan. The Company mainly manufactures tests and sells rectifier diodes, wafers, and a light-emitting diode. Its products include Schottky Diodes, TVS Diodes, Zener Diodes, Bridge Diodes, Wafers, LEDs, and relevant devices. It operates in two departments. Eris Technology and Jie Cheng - mainly manufacturing and selling in diodes, Yea Shin - mainly manufacturing and selling in wafers. The majority is from Eris Technology and Jie Cheng. Geographically, it operates in Taiwan, Asia, Europe, North USA, and Australia, out of which the majority is from Taiwan.

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