Power Master Energy Co (ROCO:6839) Receivables Turnover : 2.35 (As of Jun. 2024)

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What is Power Master Energy 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. Power Master Energy Co's Revenue for the six months ended in Jun. 2024 was NT$835 Mil. Power Master Energy Co's average Accounts Receivable for the six months ended in Jun. 2024 was NT$356 Mil. Hence, Power Master Energy Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.35.

Power Master Energy Co Receivables Turnover Historical Data

The historical data trend for Power Master Energy 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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Power Master Energy Co Receivables Turnover Chart

Power Master Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.11

12.03

13.67

30.91

9.89

Power Master Energy Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial						16.47	5.82	10.52	4.08	2.35

Competitive Comparison of Power Master Energy Co's Receivables Turnover

For the Solar subindustry, Power Master Energy 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.

Power Master Energy Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Power Master Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Power Master Energy Co's Receivables Turnover falls into.

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Power Master Energy Co Receivables Turnover Calculation

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

Power Master Energy 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 )
=	2190.278	/ (	(158.028	+	284.882)	/	2 )
=	2190.278	/	221.455
=	9.89

Power Master Energy Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	835.478	/ (	(284.882	+	427.042)	/	2 )
=	835.478	/	355.962
=	2.35

Power Master Energy Co (ROCO:6839) 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.

Power Master Energy Co Receivables Turnover Related Terms

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Power Master Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Power Master Energy Co Ltd (ROCO:6839) » Definitions » Receivables Turnover

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Address

3, Zhongzheng Road, 8th Floor, No. 651, Xinzhuang District, New Taipei City, TWN

Website

https://www.powermaster.com.tw

Power Master Energy Co Ltd Formerly Power Master II Holdings Co Ltd is a professional solar power system provider in Taiwan. The business scope is divided into the four main axes of the solar power systems: Engineering Contract EPC, Power Plant Investment, Maintenance Operation Management, and Energy Storage System. It also develops solar photovoltaic components such as modules, brackets, and inverters.

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