Chung Tai Resource Technology (ROCO:6923) Receivables Turnover : 4.68 (As of Dec. 2023)

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What is Chung Tai Resource 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. Chung Tai Resource Technology's Revenue for the six months ended in Dec. 2023 was NT$706 Mil. Chung Tai Resource Technology's average Accounts Receivable for the six months ended in Dec. 2023 was NT$151 Mil. Hence, Chung Tai Resource Technology's Receivables Turnover for the six months ended in Dec. 2023 was 4.68.

Chung Tai Resource Technology Receivables Turnover Historical Data

The historical data trend for Chung Tai Resource 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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Chung Tai Resource Technology Receivables Turnover Chart

Chung Tai Resource Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.75

4.74

5.51

6.78

8.52

Chung Tai Resource Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			2.73	3.03	3.48	3.91	4.68

Competitive Comparison of Chung Tai Resource Technology's Receivables Turnover

For the Waste Management subindustry, Chung Tai Resource 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.

Chung Tai Resource Technology's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Chung Tai Resource Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chung Tai Resource Technology's Receivables Turnover falls into.

Chung Tai Resource Technology Receivables Turnover Calculation

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

Chung Tai Resource 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 )
=	1272.457	/ (	(143.357	+	155.48)	/	2 )
=	1272.457	/	149.4185
=	8.52

Chung Tai Resource 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 )
=	706.076	/ (	(146.148	+	155.48)	/	2 )
=	706.076	/	150.814
=	4.68

Chung Tai Resource Technology (ROCO:6923) 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.

Chung Tai Resource Technology Receivables Turnover Related Terms

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Chung Tai Resource Technology (ROCO:6923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chung Tai Resource Technology Corp (ROCO:6923) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451

Website

https://www.chinalab.com.tw

Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

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