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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. Li Ming Development Construction Co's Revenue for the
three
months ended in Jun. 2026 was NT$336 Mil. Li Ming Development Construction Co's average Accounts Receivable for the
three
months ended in Jun. 2026 was NT$6 Mil.
Hence, Li Ming Development Construction Co's Receivables Turnover for the
three
months ended in Jun. 2026 was 58.09.
Li Ming Development Construction Co (ROCO:6212) 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.
Li Ming Development Construction Co Receivables Turnover Related Terms
Li Ming Development Construction Co Receivables Turnover Historical Data
* 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.
Li Ming Development Construction Co Receivables Turnover Chart
Li Ming Development Construction Co Receivables Turnover Competitor Comparison
For the Real Estate - Development subindustry, Li Ming Development Construction Co'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.
Li Ming Development Construction Co Receivables Turnover vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Li Ming Development Construction Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Li Ming Development Construction Co'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.
Li Ming Development Construction Co (ROCO:6212) has a Receivables Turnover of 58.09 as of Jun. 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 Li Ming Development Construction Co and its competitors. According to the industry distribution chart, Li Ming Development Construction Co ranks #117 out of 1666 companies in the Real Estate industry, placing it in the top 7%.
Is Li Ming Development Construction Co's Receivables Turnover too high?
Li Ming Development Construction Co's current Receivables Turnover is 58.09. The Real Estate industry median Receivables Turnover is 10.55. Li Ming Development Construction Co's value of 58.09 is 450.6% above this industry median. Based on the distribution chart, Li Ming Development Construction Co ranks #117 out of 1666 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Li Ming Development Construction Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Li Ming Development Construction Co's Receivables Turnover compare to competitors?
According to the Real Estate industry distribution chart, Li Ming Development Construction Co ranks #117 out of 1666 companies for Receivables Turnover. This places Li Ming Development Construction Co in the top 7% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 10.55. Li Ming Development Construction Co's value of 58.09 is 450.6% above 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 Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.55, based on 1,666 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. Li Ming Development Construction Co's current Receivables Turnover of 58.09 is 450.6% above 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 Li Ming Development Construction Co and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Li Ming Development Construction Co's current Receivables Turnover is 58.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li Ming Development Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Li Ming Development Construction Co (ROCO:6212) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$16.36, compared to a current price of NT$30.05 — trading 83.7% above its estimated fair value. The current Receivables Turnover is 58.09 and 450.6% above the Real Estate industry median of 10.55. Li Ming Development Construction Co's overall GF Score™ is 57/100 with 7 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 Li Ming Development Construction Co (ROCO:6212), the current Receivables Turnover is 58.09 as of Jun. 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 Li Ming Development Construction Co (ROCO:6212) Overvalued in 2026?
Based on GuruFocus' analysis, Li Ming Development Construction Co stock appears to be overvalued.
The current stock price of NT$30.05 is trading 83.7% above its estimated GF Value™ of NT$16.36.
GuruFocus considers Li Ming Development Construction Co to be Significantly Overvalued.
Key valuation signals for ROCO:6212:
Receivables Turnover: 58.09
GF Value™: NT$16.36 vs. price of NT$30.05 (83.7% above fair value)
Industry Position: 450.6% above the Real Estate median (#117 of 1666)
No single metric tells the full story. See the ROCO:6212 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Li Ming Development Construction Co Ltd is engaged in the construction, leasing and sale of residential building, decorating and sale of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from Construction.
57GF Score
Get the complete analysis for ROCO:6212
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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