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Tekom Technologies (ROCO:6294) Receivables Turnover : 17.07 (As of Mar. 2024)


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What is Tekom Technologies 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. Tekom Technologies's Revenue for the three months ended in Mar. 2024 was NT$243.5 Mil. Tekom Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was NT$14.3 Mil. Hence, Tekom Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 17.07.


Tekom Technologies Receivables Turnover Historical Data

The historical data trend for Tekom Technologies'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.

* Premium members only.

Tekom Technologies Receivables Turnover Chart

Tekom Technologies 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 76.11 96.98 113.42 118.47 87.35

Tekom Technologies 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 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 27.88 25.89 17.43 16.57 17.07

Competitive Comparison of Tekom Technologies's Receivables Turnover

For the Electronic Components subindustry, Tekom Technologies'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.


Tekom Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tekom Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tekom Technologies's Receivables Turnover falls into.



Tekom Technologies Receivables Turnover Calculation

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

Tekom Technologies'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 )
=957.707 / ((9.001 + 12.927) / 2 )
=957.707 / 10.964
=87.35

Tekom Technologies'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 )
=243.483 / ((12.927 + 15.598) / 2 )
=243.483 / 14.2625
=17.07

* 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.


Tekom Technologies  (ROCO:6294) 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.


Tekom Technologies Receivables Turnover Related Terms

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Tekom Technologies (ROCO:6294) Business Description

Traded in Other Exchanges
N/A
Address
8F , No.156, Mingcheng 4th Road, Gushan District, Kaohsiung, TWN, 804
Tekom Technologies, Inc. is engaged in the design and production of touch panel and digital imaging products. The Company's main products include digital camera for compute, digital cameras, network cameras, GPS tracking services platform, etc.

Tekom Technologies (ROCO:6294) Headlines

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