Gudeng Equipment Co (ROCO:6953) Receivables Turnover : 2.72 (As of Mar. 2024)

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What is Gudeng Equipment 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. Gudeng Equipment Co's Revenue for the three months ended in Mar. 2024 was NT$331 Mil. Gudeng Equipment Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$122 Mil. Hence, Gudeng Equipment Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.72.

Gudeng Equipment Co Receivables Turnover Historical Data

The historical data trend for Gudeng Equipment 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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Gudeng Equipment Co Receivables Turnover Chart

Gudeng Equipment Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

8.64

9.05

5.96

5.97

Gudeng Equipment Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					1.07	1.55	1.72	1.13	2.72

Competitive Comparison of Gudeng Equipment Co's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Gudeng Equipment 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.

Gudeng Equipment Co's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Gudeng Equipment Co's Receivables Turnover falls into.

Gudeng Equipment Co Receivables Turnover Calculation

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

Gudeng Equipment 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 )
=	1207.145	/ (	(273.861	+	130.76)	/	2 )
=	1207.145	/	202.3105
=	5.97

Gudeng Equipment Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	331.369	/ (	(130.76	+	112.544)	/	2 )
=	331.369	/	121.652
=	2.72

Gudeng Equipment Co (ROCO:6953) 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.

Gudeng Equipment Co Receivables Turnover Related Terms

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Gudeng Equipment Co (ROCO:6953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gudeng Equipment Co Ltd (ROCO:6953) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 117, Section 1, Jiafeng 11th Road, Hsinchu County, Zhubei City, TWN, 302052

Website

https://www.gdauto.com.tw

Gudeng Equipment Co Ltd offers EUV photomasks and high-end photomask transfer automation technology solutions in semiconductor manufacturing processes. The product offerings comprise photomask cleaning, exchange, and inspection, as well as micro-environment storage and smart warehouse management.

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