Acter Group (ROCO:5536) Receivables Turnover : 0.89 (As of Mar. 2024)

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What is Acter Group 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. Acter Group's Revenue for the three months ended in Mar. 2024 was NT$5,477 Mil. Acter Group's average Accounts Receivable for the three months ended in Mar. 2024 was NT$6,162 Mil. Hence, Acter Group's Receivables Turnover for the three months ended in Mar. 2024 was 0.89.

Acter Group Receivables Turnover Historical Data

The historical data trend for Acter Group'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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Acter Group Receivables Turnover Chart

Acter Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.83

3.77

4.26

4.13

3.48

Acter Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.99	1.03	1.04	0.89

Competitive Comparison of Acter Group's Receivables Turnover

For the Engineering & Construction subindustry, Acter Group'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.

Acter Group's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Acter Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Acter Group's Receivables Turnover falls into.

Acter Group Receivables Turnover Calculation

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

Acter Group'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 )
=	25060.741	/ (	(8136.175	+	6268.797)	/	2 )
=	25060.741	/	7202.486
=	3.48

Acter Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5476.735	/ (	(6268.797	+	6055.167)	/	2 )
=	5476.735	/	6161.982
=	0.89

Acter Group (ROCO:5536) 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.

Acter Group Receivables Turnover Related Terms

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Acter Group (ROCO:5536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Acter Group Corp Ltd (ROCO:5536) » Definitions » Receivables Turnover

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Address

No. 201, Wenxin Road, 19th Floor-1, Section 2, Xitun District, Taichung, TWN, 40758

Website

https://www.acter.com.tw

Acter Group Corp Ltd Formerly Acter Co Ltd is a Taiwan-based engineering and construction company. It is engaged in providing construction, design, and maintenance services related to air conditioners, environmental control services, clean room set-up, ice water machine trading, energy-storing equipment trading, ventilation engineering, and energy technology services. The company's geographical segments include Taiwan, Mainland China, and other Asian countries. It generates maximum revenue from Taiwan, which provides engineering services and sales.

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