Oriental System Technology (ROCO:6819) Receivables Turnover : 1.76 (As of Dec. 2023)

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What is Oriental System 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. Oriental System Technology's Revenue for the six months ended in Dec. 2023 was NT$106.5 Mil. Oriental System Technology's average Accounts Receivable for the six months ended in Dec. 2023 was NT$60.3 Mil. Hence, Oriental System Technology's Receivables Turnover for the six months ended in Dec. 2023 was 1.76.

Oriental System Technology Receivables Turnover Historical Data

The historical data trend for Oriental System 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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Oriental System Technology Receivables Turnover Chart

Oriental System Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.95

19.38

3.98

4.39

4.65

Oriental System Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.88	2.07	1.52	1.85	1.76

Competitive Comparison of Oriental System Technology's Receivables Turnover

For the Semiconductors subindustry, Oriental System 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.

Oriental System Technology's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Oriental System Technology Receivables Turnover Calculation

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

Oriental System 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 )
=	212.355	/ (	(42.491	+	48.817)	/	2 )
=	212.355	/	45.654
=	4.65

Oriental System 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 )
=	106.468	/ (	(71.853	+	48.817)	/	2 )
=	106.468	/	60.335
=	1.76

Oriental System Technology (ROCO:6819) 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.

Oriental System Technology Receivables Turnover Related Terms

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Oriental System Technology (ROCO:6819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Oriental System Technology Inc (ROCO:6819) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Industry E. 9th Road, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30075

Website

https://www.orisystech.com

Oriental System Technology Inc is engaged in the manufacturing of sensors. The product portfolio includes thermopile sensor, NDIR gas sensor, and optoelectronic components.

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