Grade Upon Technology (ROCO:6739) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is Grade Upon 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. Grade Upon Technology's Revenue for the six months ended in Dec. 2023 was NT$128.0 Mil. Grade Upon Technology's average Accounts Receivable for the six months ended in Dec. 2023 was NT$55.9 Mil. Hence, Grade Upon Technology's Receivables Turnover for the six months ended in Dec. 2023 was 2.29.

Grade Upon Technology Receivables Turnover Historical Data

The historical data trend for Grade Upon 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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Grade Upon Technology Receivables Turnover Chart

Grade Upon Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.98

6.42

3.86

2.80

3.96

Grade Upon Technology Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.51	1.01	2.64	1.74	2.29

Competitive Comparison of Grade Upon Technology's Receivables Turnover

For the Semiconductors subindustry, Grade Upon 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.

Grade Upon Technology's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Grade Upon Technology Receivables Turnover Calculation

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

Grade Upon 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 )
=	255.259	/ (	(81.878	+	46.988)	/	2 )
=	255.259	/	64.433
=	3.96

Grade Upon Technology'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 )
=	127.956	/ (	(64.733	+	46.988)	/	2 )
=	127.956	/	55.8605
=	2.29

Grade Upon Technology (ROCO:6739) 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.

Grade Upon Technology Receivables Turnover Related Terms

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Grade Upon Technology (ROCO:6739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Grade Upon Technology Corp (ROCO:6739) » Definitions » Receivables Turnover

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Address

No.1, Baotai 6th Road, Hsinchu County, Zhubei, TWN, 30244

Website

https://www.gutc.com.tw

Grade Upon Technology Corp is specializing in R&D and design for industrial process equipment and monitoring equipment as the core technology of its IC Design. Its products include IoT fast platform, LG16 / LG216 Liquid flow sensor / Flowmeter, SLQ-HC60 flow meter, ASL-1600 Liquid Flow Meter, MSD online system among others.

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