Victory For Technology Co (ROCO:6979) Receivables Turnover : 2.58 (As of Jun. 2024)

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What is Victory For Technology 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. Victory For Technology Co's Revenue for the six months ended in Jun. 2024 was NT$284.1 Mil. Victory For Technology Co's average Accounts Receivable for the six months ended in Jun. 2024 was NT$110.2 Mil. Hence, Victory For Technology Co's Receivables Turnover for the six months ended in Jun. 2024 was 2.58.

Victory For Technology Co Receivables Turnover Historical Data

The historical data trend for Victory For Technology 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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Victory For Technology Co Receivables Turnover Chart

Victory For Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.40

3.31

3.79

Victory For Technology Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	-	-	1.24	2.67	2.58

Competitive Comparison of Victory For Technology Co's Receivables Turnover

For the Specialty Chemicals subindustry, Victory For Technology 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.

Victory For Technology Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Victory For Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Victory For Technology Co's Receivables Turnover falls into.

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Victory For Technology Co Receivables Turnover Calculation

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

Victory For Technology 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 )
=	343.007	/ (	(97.775	+	83.137)	/	2 )
=	343.007	/	90.456
=	3.79

Victory For Technology 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 )
=	284.063	/ (	(83.137	+	137.269)	/	2 )
=	284.063	/	110.203
=	2.58

Victory For Technology Co (ROCO:6979) 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.

Victory For Technology Co Receivables Turnover Related Terms

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Victory For Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Victory For Technology Co Ltd (ROCO:6979) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1F, No.111.Dingxin 10th Street, Fengshan District, Kaohsiung, TWN, 830

Website

https://www.vft.com.tw

Victory For Technology Co Ltd is a service-oriented company that adopts a win-win or even a multi-win approach to jointly create markets with customers and strengthen core advantages and values, promoting Taiwan's industry to break through its own transformation and transformation. It offers products such as CPI-mct059PG1, PET/PF polyester film, PE/PF polyethylene film, diffuser, PI, Metal aluminum substrate foil, corroded foil, and Chemical foil.

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