Kwang Ming Silk Mill Co (ROCO:4420) Receivables Turnover : 2.30 (As of Dec. 2024)

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What is Kwang Ming Silk Mill Co 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. Kwang Ming Silk Mill Co's Revenue for the three months ended in Dec. 2024 was NT$233.7 Mil. Kwang Ming Silk Mill Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$101.5 Mil. Hence, Kwang Ming Silk Mill Co's Receivables Turnover for the three months ended in Dec. 2024 was 2.30.

Kwang Ming Silk Mill Co Receivables Turnover Historical Data

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.

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Kwang Ming Silk Mill Co Receivables Turnover Chart

Kwang Ming Silk Mill Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.54

7.72

10.14

9.27

8.84

Kwang Ming Silk Mill Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.41	2.11	2.20	2.53	2.30

Competitive Comparison of Kwang Ming Silk Mill Co's Receivables Turnover

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's Receivables Turnover Distribution in the 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.

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Kwang Ming Silk Mill Co Receivables Turnover Calculation

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

Kwang Ming Silk Mill Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	835.597	/ (	(82.574	+	106.43)	/	2 )
=	835.597	/	94.502
=	8.84

Kwang Ming Silk Mill Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	233.689	/ (	(96.536	+	106.43)	/	2 )
=	233.689	/	101.483
=	2.30

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

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Kwang Ming Silk Mill Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kwang Ming Silk Mill Co Ltd (ROCO:4420) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 607, Ruiguang Road, 7th Floor, Neihu District, Taipei, TWN

Website

http://www.kwangming.com

Kwang Ming Silk Mill Co Ltd is a Taiwan-based company that engages in the manufacture and sale of woven fabric and blended fibers. Its products are used to manufacture bridal dress, sports, and casual wears, household decorations, industrial fabrics, and lining cloth, among others. The company has two reportable departments: the fiber department and the real estate development department. The fiber department is engaged in processing yarn, production and trading. The real estate development department is engaged in the development and leasing of residential and commercial office buildings and factories. The majority of its revenue is generated from the fiber department segment.

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