Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Changs Ascending Enterprise Co's Revenue for the
three
months ended in Mar. 2026 was NT$165.4 Mil. Changs Ascending Enterprise Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$148.5 Mil.
Hence, Changs Ascending Enterprise Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.11.
Changs Ascending Enterprise Co (ROCO:8038) 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.
Changs Ascending Enterprise Co Receivables Turnover Related Terms
Changs Ascending Enterprise Co Receivables Turnover Historical Data
* 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.
Changs Ascending Enterprise Co Receivables Turnover Chart
ROCO:8038 vs VRT, BE: Receivables Turnover Comparison
For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise 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.
Changs Ascending Enterprise Co Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Changs Ascending Enterprise Co's Receivables Turnover falls into.
* 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.
Changs Ascending Enterprise Co (ROCO:8038) has a Receivables Turnover of 1.11 as of Mar. 2026. The accounts 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. View historical data on Changs Ascending Enterprise Co and its competitors. According to the industry distribution chart, Changs Ascending Enterprise Co ranks #989 out of 3031 companies in the Industrial Products industry, placing it in the top 32.6%.
Is Changs Ascending Enterprise Co's Receivables Turnover too high?
Changs Ascending Enterprise Co's current Receivables Turnover is 1.11. The Industrial Products industry median Receivables Turnover is 4.49. Changs Ascending Enterprise Co's value of 1.11 is 75.3% below this industry median. Based on the distribution chart, Changs Ascending Enterprise Co ranks #989 out of 3031 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Changs Ascending Enterprise Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's Receivables Turnover compare to VRT and BE?
According to the Industrial Products industry distribution chart, Changs Ascending Enterprise Co ranks #989 out of 3031 companies for Receivables Turnover. This puts Changs Ascending Enterprise Co in the upper half of its industry. The industry median Receivables Turnover is 4.49. Changs Ascending Enterprise Co's value of 1.11 is 75.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.49, based on 3,031 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Changs Ascending Enterprise Co's current Receivables Turnover of 1.11 is 75.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Changs Ascending Enterprise Co and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changs Ascending Enterprise Co's current Receivables Turnover is 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$89.54, compared to a current price of NT$32.20 — trading 64% below its estimated fair value. The current Receivables Turnover is 1.11 and 75.3% below the Industrial Products industry median of 4.49. Changs Ascending Enterprise Co's overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Changs Ascending Enterprise Co (ROCO:8038), the current Receivables Turnover is 1.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued.
The current stock price of NT$32.20 is trading 64% below its estimated GF Value™ of NT$89.54.
GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.
Key valuation signals for ROCO:8038:
Receivables Turnover: 1.11
GF Value™: NT$89.54 vs. price of NT$32.20 (64% below fair value)
Industry Position: 75.3% below the Industrial Products median (#989 of 3031)
No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changs Ascending Enterprise Co Ltd is engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing, and sales of battery modules. The company derives maximum revenue from Lithium-iron battery modules.
59GF Score
Get the complete analysis for ROCO:8038
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:8038 has been successfully added to your 
