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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. Nova Technology's Revenue for the
three
months ended in Jun. 2026 was NT$3,787 Mil. Nova Technology's average Accounts Receivable for the
three
months ended in Jun. 2026 was NT$3,326 Mil.
Hence, Nova Technology's Receivables Turnover for the
three
months ended in Jun. 2026 was 1.14.
Nova Technology (ROCO:6613) 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.
Nova Technology Receivables Turnover Related Terms
Nova Technology Receivables Turnover Historical Data
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The historical data trend for Nova 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.
ROCO:6613 vs GEV, ETN, PH: Receivables Turnover Comparison
For the Specialty Industrial Machinery subindustry, Nova 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.
Nova Technology Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nova Technology's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Nova Technology'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.
Nova Technology (ROCO:6613) has a Receivables Turnover of 1.14 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 Nova Technology and its competitors. According to the industry distribution chart, Nova Technology ranks #2187 out of 3034 companies in the Industrial Products industry, placing it in the top 72.1%.
Is Nova Technology's Receivables Turnover too high?
Nova Technology's current Receivables Turnover is 1.14. The Industrial Products industry median Receivables Turnover is 4.50. Nova Technology's value of 1.14 is 74.6% below this industry median. Based on the distribution chart, Nova Technology ranks #2187 out of 3034 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Nova Technology has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nova Technology's Receivables Turnover compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nova Technology ranks #2187 out of 3034 companies for Receivables Turnover. This places Nova Technology in the lower half of its industry. The industry median Receivables Turnover is 4.50. Nova Technology's value of 1.14 is 74.6% below 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 an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.50, based on 3,034 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. Nova Technology's current Receivables Turnover of 1.14 is 74.6% below 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 Nova Technology and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova Technology's current Receivables Turnover is 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Technology stock overvalued right now?
Based on GuruFocus' analysis, Nova Technology (ROCO:6613) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$202.87, compared to a current price of NT$262.50 — trading 29.4% above its estimated fair value. The current Receivables Turnover is 1.14 and 74.6% below the Industrial Products industry median of 4.50. Nova Technology's overall GF Score™ is 88/100 with 5 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 Nova Technology (ROCO:6613), the current Receivables Turnover is 1.14 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 Nova Technology (ROCO:6613) Overvalued in 2026?
Based on GuruFocus' analysis, Nova Technology stock appears to be overvalued.
The current stock price of NT$262.50 is trading 29.4% above its estimated GF Value™ of NT$202.87.
GuruFocus considers Nova Technology to be Modestly Overvalued.
Key valuation signals for ROCO:6613:
Receivables Turnover: 1.14
GF Value™: NT$202.87 vs. price of NT$262.50 (29.4% above fair value)
Industry Position: 74.6% below the Industrial Products median (#2187 of 3034)
No single metric tells the full story. See the ROCO:6613 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Technology Corp is engaged in import and export, pipeline assembly, and maintenance engineering for various electronic, computer parts and accessories, equipment, chemical materials, and gas components. The company is engaged in implementing and improving High-purity chemical supply and dispensing systems, Special gas supply systems, High-end wet process cleaning equipment, Stripping fluid regeneration systems, and Electronic-grade chemical production and packaging systems, among others, for its clients. Its reportable segments are: China, which generates the maximum revenue, Taiwan, and Others.
88GF Score
Get the complete analysis for ROCO:6613
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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