ACpay Co (ROCO:6984) Receivables Turnover : 5.30 (As of Dec. 2023)

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What is ACpay 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. ACpay Co's Revenue for the six months ended in Dec. 2023 was NT$56.44 Mil. ACpay Co's average Accounts Receivable for the six months ended in Dec. 2023 was NT$10.65 Mil. Hence, ACpay Co's Receivables Turnover for the six months ended in Dec. 2023 was 5.30.

ACpay Co Receivables Turnover Historical Data

The historical data trend for ACpay 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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ACpay Co Receivables Turnover Chart

ACpay Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

9.69

99.08

37.69

14.71

ACpay Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	238.07	10.43	5.42	5.30

Competitive Comparison of ACpay Co's Receivables Turnover

For the Software - Infrastructure subindustry, ACpay 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.

ACpay Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, ACpay Co's Receivables Turnover distribution charts can be found below:

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

ACpay Co Receivables Turnover Calculation

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

ACpay 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 )
=	98.808	/ (	(3.884	+	9.554)	/	2 )
=	98.808	/	6.719
=	14.71

ACpay Co'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 )
=	56.436	/ (	(11.749	+	9.554)	/	2 )
=	56.436	/	10.6515
=	5.30

ACpay Co (ROCO:6984) 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.

ACpay Co Receivables Turnover Related Terms

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ACpay Co (ROCO:6984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ACpay Co Ltd (ROCO:6984) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

11F., No.103, Sec. 3, Nanjing E. Road, Zhongshan District, Taipei, TWN, 104707

Website

https://www.acpay.com

ACpay Co Ltd is a fintech company providing payment and e-commerce solutions. The company provides integrated offline cash flow services by offering Wireless credit card machines, also it has online cash flow method where in they eliminate physical boundaries and create unlimited value.

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