iXensor Co (ROCO:6734) Receivables Turnover : 4.63 (As of Jun. 2024)

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What is iXensor 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. iXensor Co's Revenue for the six months ended in Jun. 2024 was NT$7.41 Mil. iXensor Co's average Accounts Receivable for the six months ended in Jun. 2024 was NT$1.60 Mil. Hence, iXensor Co's Receivables Turnover for the six months ended in Jun. 2024 was 4.63.

iXensor Co Receivables Turnover Historical Data

The historical data trend for iXensor 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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iXensor Co Receivables Turnover Chart

iXensor Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.40

3.42

6.07

28.93

14.55

iXensor Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial										14.35	8.27	11.58	8.11	4.63

Competitive Comparison of iXensor Co's Receivables Turnover

For the Medical Devices subindustry, iXensor 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.

iXensor Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, iXensor Co's Receivables Turnover distribution charts can be found below:

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

iXensor Co Receivables Turnover Calculation

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

iXensor Co'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 )
=	20.889	/ (	(1.248	+	1.624)	/	2 )
=	20.889	/	1.436
=	14.55

iXensor Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	7.409	/ (	(1.624	+	1.577)	/	2 )
=	7.409	/	1.6005
=	4.63

iXensor Co (ROCO:6734) 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.

iXensor Co Receivables Turnover Related Terms

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iXensor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iXensor Co Ltd (ROCO:6734) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 9, Lane 2, Lane 35, Jihu Road, 6th Floor, Neihu District, Taipei, TWN, 11492

Website

https://www.ixensor.com

iXensor Co Ltd is a Taiwan based company involved in research and development, manufacturing and sales of medical equipment. Its PixoTest technology utilizes the lighting and image sensing module of the smartphone or mobile device to detect the color change reaction on the biochemical test strip. This enables the users to monitor their conditions of diabetes, cardiovascular diseases, women health problems, or infectious diseases.

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