Solid Year Co (ROCO:6737) Receivables Turnover : 2.94 (As of Dec. 2023)

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What is Solid Year 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. Solid Year Co's Revenue for the six months ended in Dec. 2023 was NT$1,827 Mil. Solid Year Co's average Accounts Receivable for the six months ended in Dec. 2023 was NT$622 Mil. Hence, Solid Year Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.94.

Solid Year Co Receivables Turnover Historical Data

The historical data trend for Solid Year 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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Solid Year Co Receivables Turnover Chart

Solid Year Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.54

4.04

3.42

4.74

4.23

Solid Year Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									2.14	2.11	2.02	2.24	2.94

Competitive Comparison of Solid Year Co's Receivables Turnover

For the Computer Hardware subindustry, Solid Year 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.

Solid Year Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Solid Year Co Receivables Turnover Calculation

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

Solid Year 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 )
=	3322.117	/ (	(830.741	+	739.591)	/	2 )
=	3322.117	/	785.166
=	4.23

Solid Year Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1827.088	/ (	(503.714	+	739.591)	/	2 )
=	1827.088	/	621.6525
=	2.94

Solid Year Co (ROCO:6737) 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.

Solid Year Co Receivables Turnover Related Terms

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Solid Year Co (ROCO:6737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Year Co Ltd (ROCO:6737) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 18th Floor, No. 97, Section 1, Xizhi District, New Taipei City, Taipei, TWN

Website

http://www.solidyear.com

Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.

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