Princeton Technology (ROCO:6129) Receivables Turnover : 1.17 (As of Mar. 2024)

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What is Princeton Technology 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. Princeton Technology's Revenue for the three months ended in Mar. 2024 was NT$295 Mil. Princeton Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$251 Mil. Hence, Princeton Technology's Receivables Turnover for the three months ended in Mar. 2024 was 1.17.

Princeton Technology Receivables Turnover Historical Data

The historical data trend for Princeton Technology'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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Princeton Technology Receivables Turnover Chart

Princeton Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.41

6.02

5.07

5.53

5.41

Princeton Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.40	1.26	1.14	1.32	1.17

Competitive Comparison of Princeton Technology's Receivables Turnover

For the Semiconductors subindustry, Princeton Technology'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.

Princeton Technology's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Princeton Technology's Receivables Turnover falls into.

Princeton Technology Receivables Turnover Calculation

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

Princeton Technology's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1948.855	/ (	(337.731	+	383.373)	/	2 )
=	1948.855	/	360.552
=	5.41

Princeton Technology'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	295.051	/ (	(270.35	+	232.306)	/	2 )
=	295.051	/	251.328
=	1.17

Princeton Technology (ROCO:6129) 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.

Princeton Technology Receivables Turnover Related Terms

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Princeton Technology (ROCO:6129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Princeton Technology Corp (ROCO:6129) » Definitions » Receivables Turnover

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Address

No. 233-1, Baociao Road, 2nd Floor, Sindian District, New Taipei City, TWN, 23145

Website

http://www.princeton.com.tw

Princeton Technology Corp is engaged in the development, design, testing and sales of consumer integrated circuits (ICs). Its products include Display Driver ICs, Multimedia Audio Controller ICs, Motor Driver ICs, RF ICs, Encoder/Decoder ICs, Remote Control ICs, and ASICs and are suitable for a wide range of applications, including automotive dashboard and multimedia devices, portable audio players, digital TVs, home audio/video appliances, DSCs, DSLRs, monitoring cameras, and car security systems. Geographically, the activities are carried out in Taiwan, Japan, Korea, Mainland China(including HK) and others.

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