Kaofu Chemical (ROCO:4773) Receivables Turnover : 7.11 (As of Dec. 2024)

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What is Kaofu Chemical 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. Kaofu Chemical's Revenue for the six months ended in Dec. 2024 was NT$1,380 Mil. Kaofu Chemical's average Accounts Receivable for the six months ended in Dec. 2024 was NT$194 Mil. Hence, Kaofu Chemical's Receivables Turnover for the six months ended in Dec. 2024 was 7.11.

Kaofu Chemical Receivables Turnover Historical Data

The historical data trend for Kaofu Chemical'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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Kaofu Chemical Receivables Turnover Chart

Kaofu Chemical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.64

11.93

11.83

14.29

17.54

Kaofu Chemical Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial						5.94	6.61	8.37	7.51	7.11

Competitive Comparison of Kaofu Chemical's Receivables Turnover

For the Specialty Chemicals subindustry, Kaofu Chemical'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.

Kaofu Chemical's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kaofu Chemical's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kaofu Chemical's Receivables Turnover falls into.

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Kaofu Chemical Receivables Turnover Calculation

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

Kaofu Chemical'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 )
=	2806.111	/ (	(155.801	+	164.095)	/	2 )
=	2806.111	/	159.948
=	17.54

Kaofu Chemical'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 )
=	1379.874	/ (	(223.783	+	164.095)	/	2 )
=	1379.874	/	193.939
=	7.11

Kaofu Chemical (ROCO:4773) 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.

Kaofu Chemical Receivables Turnover Related Terms

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Kaofu Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kaofu Chemical Corp (ROCO:4773) » Definitions » Receivables Turnover

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Address

No. 385, Fong-Jen Road, Ren Wu District, Kaohsiung, TWN, 814

Website

http://www.kaofu.com

Kaofu Chemical Corp is a manufacturer and seller of General Purpose Polystyrene (GPPS) and High lmpact Polystyrene (HIPS). Its polystyrene (PS) is widely used for making household appliances and computer peripherals such as daily necessity, mouse, and electronic packaging by methods of injection and extrusion.

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