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WiseChip Semiconductor (ROCO:5245) Receivables Turnover : 2.26 (As of Sep. 2024)


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What is WiseChip Semiconductor 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. WiseChip Semiconductor's Revenue for the three months ended in Sep. 2024 was NT$232.3 Mil. WiseChip Semiconductor's average Accounts Receivable for the three months ended in Sep. 2024 was NT$102.6 Mil. Hence, WiseChip Semiconductor's Receivables Turnover for the three months ended in Sep. 2024 was 2.26.


WiseChip Semiconductor Receivables Turnover Historical Data

The historical data trend for WiseChip Semiconductor'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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WiseChip Semiconductor Receivables Turnover Chart

WiseChip Semiconductor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.07 7.73 8.94 10.03 8.00

WiseChip Semiconductor Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.94 2.25 2.25 2.24 2.26

Competitive Comparison of WiseChip Semiconductor's Receivables Turnover

For the Semiconductors subindustry, WiseChip Semiconductor'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.


WiseChip Semiconductor's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, WiseChip Semiconductor's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where WiseChip Semiconductor's Receivables Turnover falls into.



WiseChip Semiconductor Receivables Turnover Calculation

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

WiseChip Semiconductor'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 )
=895.577 / ((136.789 + 86.991) / 2 )
=895.577 / 111.89
=8.00

WiseChip Semiconductor's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=232.26 / ((106.674 + 98.507) / 2 )
=232.26 / 102.5905
=2.26

* 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.


WiseChip Semiconductor  (ROCO:5245) 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.


WiseChip Semiconductor Receivables Turnover Related Terms

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WiseChip Semiconductor Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Kebei 2nd Road, Hsinchu Science and Technology Park, Zhunan Town, Chu-Nan, Miaoli County, TWN, 350
WiseChip Semiconductor Inc operates in optic-electrical industry. It is engaged in the research and development, design, manufacturing, and marketing of OEL (OLED, Organic Light Emitting Diode). The company's products include OLED display, full-color display, monochrome displays, bendable OLED, transparent OLED, matrix OLED.

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