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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. Progate Group's Revenue for the
three
months ended in Mar. 2026 was NT$370 Mil. Progate Group's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$129 Mil.
Hence, Progate Group's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.87.
Progate Group (ROCO:8227) 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.
Progate Group Receivables Turnover Related Terms
Progate Group Receivables Turnover Historical Data
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The historical data trend for Progate Group'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.
ROCO:8227 vs NVDA, AVGO, MU: Receivables Turnover Comparison
For the Semiconductors subindustry, Progate Group'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.
Progate Group Receivables Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Progate Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Progate Group'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.
Progate Group (ROCO:8227) has a Receivables Turnover of 2.87 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 Progate Group and its competitors. According to the industry distribution chart, Progate Group ranks #111 out of 1018 companies in the Semiconductors industry, placing it in the top 10.9%.
Is Progate Group's Receivables Turnover too high?
Progate Group's current Receivables Turnover is 2.87. The Semiconductors industry median Receivables Turnover is 5.82. Progate Group's value of 2.87 is 50.7% below this industry median. Based on the distribution chart, Progate Group ranks #111 out of 1018 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Progate Group has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Progate Group's Receivables Turnover compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Progate Group ranks #111 out of 1018 companies for Receivables Turnover. This places Progate Group in the top 11% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.82. Progate Group's value of 2.87 is 50.7% 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 a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,018 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. Progate Group's current Receivables Turnover of 2.87 is 50.7% 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 Progate Group and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progate Group's current Receivables Turnover is 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progate Group stock overvalued right now?
Based on GuruFocus' analysis, Progate Group (ROCO:8227) is currently considered Possible Value Trap. The stock's GF Value™ is NT$298.99, compared to a current price of NT$151.50 — trading 49.3% below its estimated fair value. The current Receivables Turnover is 2.87 and 50.7% below the Semiconductors industry median of 5.82. Progate Group's overall GF Score™ is 82/100 with 3 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 Progate Group (ROCO:8227), the current Receivables Turnover is 2.87 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 Progate Group (ROCO:8227) Overvalued in 2026?
Based on GuruFocus' analysis, Progate Group stock appears to be undervalued.
The current stock price of NT$151.50 is trading 49.3% below its estimated GF Value™ of NT$298.99.
GuruFocus considers Progate Group to be Possible Value Trap.
Key valuation signals for ROCO:8227:
Receivables Turnover: 2.87
GF Value™: NT$298.99 vs. price of NT$151.50 (49.3% below fair value)
Industry Position: 50.7% below the Semiconductors median (#111 of 1018)
No single metric tells the full story. See the ROCO:8227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progate Group Corp is engaged in the development and product design of integrated circuits, the sale and trade of intellectual property, electronic materials, and information software, as well as the wholesale, agency, and import/export trade of related products. Geographically the company operates in Taiwan and China, with majority of the revenue generating from Taiwan.
82GF Score
Get the complete analysis for ROCO:8227
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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