Microprogram Information Co (ROCO:7721) Receivables Turnover : 1.10 (As of Dec. 2024)

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What is Microprogram Information 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. Microprogram Information Co's Revenue for the six months ended in Dec. 2024 was NT$344.8 Mil. Microprogram Information Co's average Accounts Receivable for the six months ended in Dec. 2024 was NT$313.4 Mil. Hence, Microprogram Information Co's Receivables Turnover for the six months ended in Dec. 2024 was 1.10.

Microprogram Information Co Receivables Turnover Historical Data

The historical data trend for Microprogram Information 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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Microprogram Information Co Receivables Turnover Chart

Microprogram Information Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

3.55

3.75

3.46

2.82

Microprogram Information Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			1.83	1.99	1.89	1.51	1.10

Competitive Comparison of Microprogram Information Co's Receivables Turnover

For the Software - Infrastructure subindustry, Microprogram Information 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.

Microprogram Information Co's Receivables Turnover Distribution in the Software Industry

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

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

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Microprogram Information Co Receivables Turnover Calculation

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

Microprogram Information Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	794.306	/ (	(265.463	+	297.016)	/	2 )
=	794.306	/	281.2395
=	2.82

Microprogram Information Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	344.824	/ (	(329.784	+	297.016)	/	2 )
=	344.824	/	313.4
=	1.10

Microprogram Information Co (ROCO:7721) 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.

Microprogram Information Co Receivables Turnover Related Terms

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Microprogram Information Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

7th Floor, No. 402, Zhengshi Road, Xitun District, Taichung, TWN, 407

Website

https://www.program.com.tw

Microprogram Information Co is a company that provides industrial IoT technology services and is committed to allowing their clients to have a better and sustainable life. They focus on the three major areas of electronic payment, wireless sensing and cloud data. Through user research, vertical integration of software and hardware technologies, terminal sensor devices, mobile apps, cloud service platforms and core technologies of big data analysis, we assist transportation and finance, retail, manufacturing, bicycle and other industries to innovate and upgrade. They assist you from definition of requirements, concept creation, product development, to service optimization, using the advantages of software and hardware integration technology.

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