Mytrex Health Technologies (ROCO:4431) Receivables Turnover : 5.18 (As of Dec. 2023)

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What is Mytrex Health Technologies 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. Mytrex Health Technologies's Revenue for the six months ended in Dec. 2023 was NT$667 Mil. Mytrex Health Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was NT$129 Mil. Hence, Mytrex Health Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 5.18.

Mytrex Health Technologies Receivables Turnover Historical Data

The historical data trend for Mytrex Health Technologies'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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Mytrex Health Technologies Receivables Turnover Chart

Mytrex Health Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.96

13.09

4.27

19.81

9.88

Mytrex Health Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.54	17.90	9.14	6.21	5.18

Competitive Comparison of Mytrex Health Technologies's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Mytrex Health Technologies'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.

Mytrex Health Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mytrex Health Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mytrex Health Technologies's Receivables Turnover falls into.

Mytrex Health Technologies Receivables Turnover Calculation

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

Mytrex Health Technologies'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 )
=	1292.969	/ (	(102.875	+	158.742)	/	2 )
=	1292.969	/	130.8085
=	9.88

Mytrex Health Technologies's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	666.512	/ (	(98.756	+	158.742)	/	2 )
=	666.512	/	128.749
=	5.18

Mytrex Health Technologies (ROCO:4431) 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.

Mytrex Health Technologies Receivables Turnover Related Terms

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Mytrex Health Technologies (ROCO:4431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mytrex Health Technologies Inc (ROCO:4431) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 545, Sec. 2, Hezun North Road, Zhongli District, Taoyuan, TWN, 32060

Website

http://www.mytrex.com.tw

Mytrex Health Technologies Inc is a Taiwan-based company engaged in the manufacturing of non-woven materials and special medical supplies. It is engaged in the development and production of melt-blown products for the protection of the environment and human health. The company offers products ranging from medical to industrial filtration materials such as various types of filtration media, lab coats or outfits, cabin filtration, vacuum cleaner filter bags, and special medical supplies. Its product categories include meltdown, mammoth bedding, and specialized medical supplies like balloon catheters and coronary stents.

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