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Kingwaytek Technology Co (ROCO:6516) Receivables Turnover : 1.82 (As of Dec. 2024)


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What is Kingwaytek Technology Co 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. Kingwaytek Technology Co's Revenue for the three months ended in Dec. 2024 was NT$125.2 Mil. Kingwaytek Technology Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$68.9 Mil. Hence, Kingwaytek Technology Co's Receivables Turnover for the three months ended in Dec. 2024 was 1.82.


Kingwaytek Technology Co Receivables Turnover Historical Data

The historical data trend for Kingwaytek Technology Co'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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Kingwaytek Technology Co Receivables Turnover Chart

Kingwaytek Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.82 5.30 7.06 6.49 6.02

Kingwaytek Technology Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.70 1.29 1.36 1.90 1.82

Competitive Comparison of Kingwaytek Technology Co's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Kingwaytek Technology 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.


Kingwaytek Technology Co's Receivables Turnover Distribution in the Hardware Industry

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

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



Kingwaytek Technology Co Receivables Turnover Calculation

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

Kingwaytek Technology Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=444.187 / ((82.793 + 64.807) / 2 )
=444.187 / 73.8
=6.02

Kingwaytek Technology Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=125.244 / ((72.925 + 64.807) / 2 )
=125.244 / 68.866
=1.82

* 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.


Kingwaytek Technology Co  (ROCO:6516) 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.


Kingwaytek Technology Co Receivables Turnover Related Terms

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Kingwaytek Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.100, Sector 2, Roosevelt Road, 3rd Floor, ZhongZheng District, Taipei, TWN, 100
Kingwaytek Technology Co Ltd develops digital map databases. The Company offers Aerial Survey Offices, geographic information, satellite images, aerial photogrammetry, and field drive test surveys. It focuses on electronic map production and GIS system development. Its products are mainly used in transportation and power telecommunications.

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