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Chumpower Machinery (ROCO:4575) Receivables Turnover : 9.69 (As of Dec. 2024)


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What is Chumpower Machinery 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. Chumpower Machinery's Revenue for the six months ended in Dec. 2024 was NT$455.9 Mil. Chumpower Machinery's average Accounts Receivable for the six months ended in Dec. 2024 was NT$47.1 Mil. Hence, Chumpower Machinery's Receivables Turnover for the six months ended in Dec. 2024 was 9.69.


Chumpower Machinery Receivables Turnover Historical Data

The historical data trend for Chumpower Machinery'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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Chumpower Machinery Receivables Turnover Chart

Chumpower Machinery Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.30 12.92 19.34 21.89 22.94

Chumpower Machinery Semi-Annual Data
Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 7.10 9.66 12.28 12.37 9.69

Competitive Comparison of Chumpower Machinery's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Chumpower Machinery'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.


Chumpower Machinery's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Chumpower Machinery's Receivables Turnover falls into.


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Chumpower Machinery Receivables Turnover Calculation

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

Chumpower Machinery'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 )
=993.101 / ((39.656 + 46.926) / 2 )
=993.101 / 43.291
=22.94

Chumpower Machinery'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: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=455.91 / ((47.196 + 46.926) / 2 )
=455.91 / 47.061
=9.69

* 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.


Chumpower Machinery  (ROCO:4575) 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.


Chumpower Machinery Receivables Turnover Related Terms

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Chumpower Machinery Business Description

Traded in Other Exchanges
N/A
Address
No.688-1, Section 3, Zhongshan Road, Rongquan Lane, Wuri District, Taichung, TWN, 414
Chumpower Machinery Corp is a Taiwan based company mainly engaged in the production of polyethylene terephthalate (PET) blow molding machines. The company also offers molds for different shapes and size of the bottles. Machinery offered by the company include one stage series, L series, Phoenix series, and W/L series.

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