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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. ECOVE Environment's Revenue for the
three
months ended in Mar. 2026 was NT$2,298 Mil. ECOVE Environment's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$818 Mil.
Hence, ECOVE Environment's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.81.
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.
ECOVE Environment Receivables Turnover Related Terms
ECOVE Environment Receivables Turnover Historical Data
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The historical data trend for ECOVE Environment'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:6803 vs WM, RSG, WCN: Receivables Turnover Comparison
For the Waste Management subindustry, ECOVE Environment'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.
ECOVE Environment Receivables Turnover vs Waste Management Industry
For the Waste Management industry and Industrials sector, ECOVE Environment's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where ECOVE Environment'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.
ECOVE Environment (ROCO:6803) has a Receivables Turnover of 2.81 as of Mar. 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 ECOVE Environment and its competitors. According to the industry distribution chart, ECOVE Environment ranks #35 out of 234 companies in the Waste Management industry, placing it in the top 15%.
Is ECOVE Environment's Receivables Turnover too high?
ECOVE Environment's current Receivables Turnover is 2.81. The Waste Management industry median Receivables Turnover is 4.80. ECOVE Environment's value of 2.81 is 41.5% below this industry median. Based on the distribution chart, ECOVE Environment ranks #35 out of 234 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, ECOVE Environment has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ECOVE Environment's Receivables Turnover compare to WM and RSG?
According to the Waste Management industry distribution chart, ECOVE Environment ranks #35 out of 234 companies for Receivables Turnover. This places ECOVE Environment in the top 15% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.80. ECOVE Environment's value of 2.81 is 41.5% 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 a Waste Management company?
The median Receivables Turnover among Waste Management companies is 4.80, based on 234 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. ECOVE Environment's current Receivables Turnover of 2.81 is 41.5% 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 ECOVE Environment and its competitors. For the Waste Management industry, the median Receivables Turnover is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECOVE Environment's current Receivables Turnover is 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECOVE Environment stock overvalued right now?
Based on GuruFocus' analysis, ECOVE Environment (ROCO:6803) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$356.61, compared to a current price of NT$271.50 — trading 23.9% below its estimated fair value. The current Receivables Turnover is 2.81 and 41.5% below the Waste Management industry median of 4.80. ECOVE Environment's overall GF Score™ is 93/100 with 6 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 ECOVE Environment (ROCO:6803), the current Receivables Turnover is 2.81 as of Mar. 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 ECOVE Environment (ROCO:6803) Overvalued in 2026?
Based on GuruFocus' analysis, ECOVE Environment stock appears to be undervalued.
The current stock price of NT$271.50 is trading 23.9% below its estimated GF Value™ of NT$356.61.
GuruFocus considers ECOVE Environment to be Modestly Undervalued.
Key valuation signals for ROCO:6803:
Receivables Turnover: 2.81
GF Value™: NT$356.61 vs. price of NT$271.50 (23.9% below fair value)
Industry Position: 41.5% below the Waste Management median (#35 of 234)
No single metric tells the full story. See the ROCO:6803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ECOVE Environment Corp is a resource management services provider serving public and private entities across Greater China, Southeast Asia, India, and the USA. The Company is mainly engaged in investment, power generation, and waste management. Its services include Energy-from-Waste, Mechatronics, and Waste Management, while its projects include Energy-from-Waste, Photovoltaic Energy, and Hazardous and Special Waste Treatment.
93GF Score
Get the complete analysis for ROCO:6803
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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