Kao Fong Machinery Co (ROCO:4510) Receivables Turnover: 1.46 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:4510 Kao Fong Machinery Co Ltd ROCO:4510
52 GF Score
Price NT$40.85
GF Value NT$42.26
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kao Fong Machinery Co Receivables Turnover?

Kao Fong Machinery Co ROCO:4510 +1.87% 52 Receivables Turnover is 1.46 as of Mar. 2026. GuruFocus rates ROCO:4510 with a GF Score™ of 52/100 and a GF Value™ of NT$42.26 (Fairly Valued). The stock has 5 warning signs investors should review. Among 3,032 Industrial Products companies, Kao Fong Machinery Co ranks better than 64.54% on this metric.

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. Kao Fong Machinery Co's Revenue for the three months ended in Mar. 2026 was NT$445 Mil. Kao Fong Machinery Co's average Accounts Receivable for the three months ended in Mar. 2026 was NT$305 Mil. Hence, Kao Fong Machinery Co's Receivables Turnover for the three months ended in Mar. 2026 was 1.46.


Kao Fong Machinery Co  (ROCO:4510) 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.


Kao Fong Machinery Co Receivables Turnover Related Terms


Kao Fong Machinery Co Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Kao Fong Machinery 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.

Kao Fong Machinery Co Receivables Turnover Chart

Kao Fong Machinery Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 6.16 5.72 4.31 5.03

Kao Fong Machinery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 1.13 1.17 1.88 1.46

ROCO:4510 vs GEV, ETN, PH: Receivables Turnover Comparison

For the Specialty Industrial Machinery subindustry, Kao Fong Machinery 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.


Kao Fong Machinery Co Receivables Turnover vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kao Fong Machinery Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kao Fong Machinery Co's Receivables Turnover falls into.


ROCO:4510
52GF Score
Kao Fong Machinery Co Ltd ROCO:4510
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kao Fong Machinery Co Receivables Turnover Calculation

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

Kao Fong Machinery Co's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=1664.803 / ((389.089 + 272.824) / 2 )
=1664.803 / 330.9565
=5.03

Kao Fong Machinery Co's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=444.506 / ((272.824 + 336.745) / 2 )
=444.506 / 304.7845
=1.46

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.46 mean?
Kao Fong Machinery Co (ROCO:4510) has a Receivables Turnover of 1.46 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 Kao Fong Machinery Co and its competitors. According to the industry distribution chart, Kao Fong Machinery Co ranks #1075 out of 3032 companies in the Industrial Products industry, placing it in the top 35.5%.
Is Kao Fong Machinery Co's Receivables Turnover too high?
Kao Fong Machinery Co's current Receivables Turnover is 1.46. The Industrial Products industry median Receivables Turnover is 4.48. Kao Fong Machinery Co's value of 1.46 is 67.4% below this industry median. Based on the distribution chart, Kao Fong Machinery Co ranks #1075 out of 3032 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kao Fong Machinery Co has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kao Fong Machinery Co's Receivables Turnover compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kao Fong Machinery Co ranks #1075 out of 3032 companies for Receivables Turnover. This puts Kao Fong Machinery Co in the upper half of its industry. The industry median Receivables Turnover is 4.48. Kao Fong Machinery Co's value of 1.46 is 67.4% 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 an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.48, based on 3,032 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. Kao Fong Machinery Co's current Receivables Turnover of 1.46 is 67.4% 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 Kao Fong Machinery Co and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kao Fong Machinery Co's current Receivables Turnover is 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kao Fong Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Kao Fong Machinery Co (ROCO:4510) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.26, compared to a current price of NT$40.85 — trading 3.3% below its estimated fair value. The current Receivables Turnover is 1.46 and 67.4% below the Industrial Products industry median of 4.48. Kao Fong Machinery Co's overall GF Score™ is 52/100 with 5 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 Kao Fong Machinery Co (ROCO:4510), the current Receivables Turnover is 1.46 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 Kao Fong Machinery Co (ROCO:4510) Overvalued in 2026?

Based on GuruFocus' analysis, Kao Fong Machinery Co stock appears to be undervalued. The current stock price of NT$40.85 is trading 3.3% below its estimated GF Value™ of NT$42.26. GuruFocus considers Kao Fong Machinery Co to be Fairly Valued.

Key valuation signals for ROCO:4510:

  • Receivables Turnover: 1.46
  • GF Value™: NT$42.26 vs. price of NT$40.85 (3.3% below fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 67.4% below the Industrial Products median (#1075 of 3032)

No single metric tells the full story. See the ROCO:4510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kao Fong Machinery Co Business Description

Address No.16, Keya Road, Daya district, Taichung, TWN, 42881
Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. The products of the company consist of Double Column Machining Center, vertical machining centers, horizontal machining centers, numerical control milling machines, bridge machining centers, and other machinery.
52GF Score

Get the complete analysis for ROCO:4510

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$40.85
Price
NT$42.26
GF Value