Highpoint Service Network (ROCO:6884) Receivables Turnover : 3.45 (As of Dec. 2024)

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What is Highpoint Service Network 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. Highpoint Service Network's Revenue for the six months ended in Dec. 2024 was NT$629 Mil. Highpoint Service Network's average Accounts Receivable for the six months ended in Dec. 2024 was NT$183 Mil. Hence, Highpoint Service Network's Receivables Turnover for the six months ended in Dec. 2024 was 3.45.

Highpoint Service Network Receivables Turnover Historical Data

The historical data trend for Highpoint Service Network'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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Highpoint Service Network Receivables Turnover Chart

Highpoint Service Network Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.60

6.67

7.15

6.60

7.67

Highpoint Service Network Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							3.71	3.31	2.78	3.02	3.45

Competitive Comparison of Highpoint Service Network's Receivables Turnover

For the Computer Hardware subindustry, Highpoint Service Network'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.

Highpoint Service Network's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Highpoint Service Network's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Highpoint Service Network's Receivables Turnover falls into.

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Highpoint Service Network Receivables Turnover Calculation

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

Highpoint Service Network's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1193.006	/ (	(159.57	+	151.522)	/	2 )
=	1193.006	/	155.546
=	7.67

Highpoint Service Network's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	629.291	/ (	(213.802	+	151.522)	/	2 )
=	629.291	/	182.662
=	3.45

Highpoint Service Network (ROCO:6884) 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.

Highpoint Service Network Receivables Turnover Related Terms

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Highpoint Service Network Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Highpoint Service Network Corp (ROCO:6884) » Definitions » Receivables Turnover

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Address

Xintai 5th Road, 7th Floor, No. 88, Section 1, Xizhi District, New Taipei City, TWN

Website

https://www.hsnservice.com

Highpoint Service Network Corp provides computer-related services and consulting. Its business scope provides multi-country support, multi-brand testing, repair, and maintenance authorized by the original factory. The service items include computer and peripheral products, and office and consumer electronics. Products and peripherals, servers and workstations, network, and computer room equipment.

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