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AMIDA Technology (ROCO:6735) Receivables Turnover : 0.94 (As of Sep. 2024)


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What is AMIDA Technology 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. AMIDA Technology's Revenue for the three months ended in Sep. 2024 was NT$69.6 Mil. AMIDA Technology's average Accounts Receivable for the three months ended in Sep. 2024 was NT$74.4 Mil. Hence, AMIDA Technology's Receivables Turnover for the three months ended in Sep. 2024 was 0.94.


AMIDA Technology Receivables Turnover Historical Data

The historical data trend for AMIDA 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.

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AMIDA Technology Receivables Turnover Chart

AMIDA Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 6.35 7.52 7.37 4.66 2.55

AMIDA Technology Quarterly Data
Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.46 1.27 1.37 1.31 0.94

Competitive Comparison of AMIDA Technology's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, AMIDA 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.


AMIDA Technology's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, AMIDA Technology's Receivables Turnover distribution charts can be found below:

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



AMIDA Technology Receivables Turnover Calculation

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

AMIDA Technology'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 )
=237.784 / ((103.46 + 83.255) / 2 )
=237.784 / 93.3575
=2.55

AMIDA Technology's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=69.61 / ((63.84 + 84.958) / 2 )
=69.61 / 74.399
=0.94

* 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.


AMIDA Technology  (ROCO:6735) 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.


AMIDA Technology Receivables Turnover Related Terms

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AMIDA Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 268, Liancheng Road, 15th Floor, Zhonghe District, New Taipei, TWN, 235
AMIDA Technology Inc is a Taiwan based company engaged in the business of semiconductor test instruments. The products offered by the company include CMOS Image Sensor Solutions, Analog & Mixed-Signal Tester, AMIDA High Power 3600 Series Tester, and PCI Module.

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