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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. Mildex Optical's Revenue for the
three
months ended in Mar. 2026 was NT$249 Mil. Mildex Optical's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$168 Mil.
Hence, Mildex Optical's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.48.
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.
Mildex Optical Receivables Turnover Related Terms
Mildex Optical Receivables Turnover Historical Data
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The historical data trend for Mildex Optical'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.
ROCO:4729 vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, Mildex Optical'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.
Mildex Optical Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Mildex Optical's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Mildex Optical's Receivables Turnover falls into.
* 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.
Mildex Optical (ROCO:4729) has a Receivables Turnover of 1.48 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 Mildex Optical and its competitors. According to the industry distribution chart, Mildex Optical ranks #738 out of 2467 companies in the Hardware industry, placing it in the top 29.9%.
Is Mildex Optical's Receivables Turnover too high?
Mildex Optical's current Receivables Turnover is 1.48. The Hardware industry median Receivables Turnover is 4.94. Mildex Optical's value of 1.48 is 70% below this industry median. Based on the distribution chart, Mildex Optical ranks #738 out of 2467 companies in the Hardware industry, which is above the industry midpoint. Overall, Mildex Optical has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mildex Optical's Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, Mildex Optical ranks #738 out of 2467 companies for Receivables Turnover. This puts Mildex Optical in the upper half of its industry. The industry median Receivables Turnover is 4.94. Mildex Optical's value of 1.48 is 70% 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 a Hardware company?
The median Receivables Turnover among Hardware companies is 4.94, based on 2,467 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. Mildex Optical's current Receivables Turnover of 1.48 is 70% 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 Mildex Optical and its competitors. For the Hardware industry, the median Receivables Turnover is 4.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mildex Optical's current Receivables Turnover is 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mildex Optical stock overvalued right now?
Based on GuruFocus' analysis, Mildex Optical (ROCO:4729) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.65, compared to a current price of NT$19.85 — trading 1% above its estimated fair value. The current Receivables Turnover is 1.48 and 70% below the Hardware industry median of 4.94. Mildex Optical's overall GF Score™ is 53/100 with 3 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 Mildex Optical (ROCO:4729), the current Receivables Turnover is 1.48 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 Mildex Optical (ROCO:4729) Overvalued in 2026?
Based on GuruFocus' analysis, Mildex Optical stock appears to be overvalued.
The current stock price of NT$19.85 is trading 1% above its estimated GF Value™ of NT$19.65.
GuruFocus considers Mildex Optical to be Fairly Valued.
Key valuation signals for ROCO:4729:
Receivables Turnover: 1.48
GF Value™: NT$19.65 vs. price of NT$19.85 (1% above fair value)
Industry Position: 70% below the Hardware median (#738 of 2467)
No single metric tells the full story. See the ROCO:4729 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mildex Optical Inc is mainly engaged in the manufacture and trading of touch panels. The Company includes touch screen modules, touch display modules, and system total solutions. Its products include Touch Screens, Touch Display Modules, TPM & TDM Standard, and system solutions. It operates in Taiwan, which generates maximum revenue, as well as Asia, the Americas, and Europe.
53GF Score
Get the complete analysis for ROCO:4729
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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