Motion Technology Electric & Machinery Co (ROCO:4589) Receivables Turnover : 2.85 (As of Jun. 2024)

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What is Motion Technology Electric & Machinery 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. Motion Technology Electric & Machinery Co's Revenue for the six months ended in Jun. 2024 was NT$491.2 Mil. Motion Technology Electric & Machinery Co's average Accounts Receivable for the six months ended in Jun. 2024 was NT$172.1 Mil. Hence, Motion Technology Electric & Machinery Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.85.

Motion Technology Electric & Machinery Co Receivables Turnover Historical Data

The historical data trend for Motion Technology Electric & 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.

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Motion Technology Electric & Machinery Co Receivables Turnover Chart

Motion Technology Electric & Machinery Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.07

5.69

5.72

Motion Technology Electric & Machinery Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial			3.01	2.71	2.98	2.46	2.85

Competitive Comparison of Motion Technology Electric & Machinery Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Motion Technology Electric & 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.

Motion Technology Electric & Machinery Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Motion Technology Electric & Machinery Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Motion Technology Electric & Machinery Co's Receivables Turnover falls into.

Motion Technology Electric & Machinery Co Receivables Turnover Calculation

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

Motion Technology Electric & Machinery Co'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 )
=	920.96	/ (	(170.196	+	151.652)	/	2 )
=	920.96	/	160.924
=	5.72

Motion Technology Electric & Machinery Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	491.204	/ (	(151.652	+	192.617)	/	2 )
=	491.204	/	172.1345
=	2.85

Motion Technology Electric & Machinery Co (ROCO:4589) 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.

Motion Technology Electric & Machinery Co Receivables Turnover Related Terms

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Motion Technology Electric & Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Motion Technology Electric & Machinery Co Ltd (ROCO:4589) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Lane 76, Neiding 20th Street, Zhongli District, Taoyuan City, TWN, 320

Website

https://www.motiontech.com.tw

Motion Technology Electric & Machinery Co Ltd engages in the design and production of high-precision motors for use in medical appliances, electric wheelchairs, mobility scooters, elevators, and transmission systems. Its products include brush DC motors, brushless DC motors, BLDC drivers, servo motors, induction motors, and reluctance motor control.

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