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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. Kwang Ming Silk Mill Co's Revenue for the
three
months ended in Mar. 2026 was NT$229 Mil. Kwang Ming Silk Mill Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$107 Mil.
Hence, Kwang Ming Silk Mill Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.15.
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co Receivables Turnover Related Terms
Kwang Ming Silk Mill Co Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co Receivables Turnover Chart
Kwang Ming Silk Mill Co Receivables Turnover Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill Co'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.
Kwang Ming Silk Mill Co (ROCO:4420) has a Receivables Turnover of 2.15 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 Kwang Ming Silk Mill Co and its competitors. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #365 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 35.4%.
Is Kwang Ming Silk Mill Co's Receivables Turnover too high?
Kwang Ming Silk Mill Co's current Receivables Turnover is 2.15. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.89. Kwang Ming Silk Mill Co's value of 2.15 is 68.8% below this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #365 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's Receivables Turnover compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #365 out of 1032 companies for Receivables Turnover. This puts Kwang Ming Silk Mill Co in the upper half of its industry. The industry median Receivables Turnover is 6.89. Kwang Ming Silk Mill Co's value of 2.15 is 68.8% 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 Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.89, based on 1,032 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. Kwang Ming Silk Mill Co's current Receivables Turnover of 2.15 is 68.8% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current Receivables Turnover is 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$71.36, compared to a current price of NT$36.80 — trading 48.4% below its estimated fair value. The current Receivables Turnover is 2.15 and 68.8% below the Manufacturing - Apparel & Accessories industry median of 6.89. Kwang Ming Silk Mill Co's overall GF Score™ is 62/100 with 3 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 Kwang Ming Silk Mill Co (ROCO:4420), the current Receivables Turnover is 2.15 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$36.80 is trading 48.4% below its estimated GF Value™ of NT$71.36.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
Receivables Turnover: 2.15
GF Value™: NT$71.36 vs. price of NT$36.80 (48.4% below fair value)
Industry Position: 68.8% below the Manufacturing - Apparel & Accessories median (#365 of 1032)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
62GF Score
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