GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Happytuk Co Ltd (ROCO:7584) » Definitions » Receivables Turnover

Happytuk Co (ROCO:7584) Receivables Turnover : 3.03 (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Happytuk 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. Happytuk Co's Revenue for the three months ended in Jun. 2024 was NT$407.4 Mil. Happytuk Co's average Accounts Receivable for the three months ended in Jun. 2024 was NT$134.5 Mil. Hence, Happytuk Co's Receivables Turnover for the three months ended in Jun. 2024 was 3.03.


Happytuk Co Receivables Turnover Historical Data

The historical data trend for Happytuk 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.

* Premium members only.

Happytuk Co Receivables Turnover Chart

Happytuk Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 10.39 17.36 11.12 8.69 7.78

Happytuk Co Quarterly Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 5.80 4.99 4.90 4.74 3.03

Competitive Comparison of Happytuk Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Happytuk 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.


Happytuk Co's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Happytuk Co's Receivables Turnover distribution charts can be found below:

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



Happytuk Co Receivables Turnover Calculation

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

Happytuk 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 )
=579.364 / ((78.168 + 70.841) / 2 )
=579.364 / 74.5045
=7.78

Happytuk 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 )
=407.367 / ((70.841 + 198.21) / 2 )
=407.367 / 134.5255
=3.03

* 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.


Happytuk Co  (ROCO:7584) 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.


Happytuk Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Happytuk Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Happytuk Co Business Description

Traded in Other Exchanges
N/A
Address
No. 108, Minquan Road, 8th Floor, Xindian District, New Taipei City, TWN
Happytuk Co Ltd is involved in the gaming business. It produces online games, mobile games, and other game products.

Happytuk Co Headlines

No Headlines