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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. Co-Tech Development's Revenue for the
three
months ended in Mar. 2026 was NT$2,532 Mil. Co-Tech Development's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$2,554 Mil.
Hence, Co-Tech Development's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.99.
Co-Tech Development (ROCO:8358) 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.
Co-Tech Development Receivables Turnover Related Terms
Co-Tech Development Receivables Turnover Historical Data
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The historical data trend for Co-Tech Development'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:8358 vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, Co-Tech Development'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.
Co-Tech Development Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Co-Tech Development's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Co-Tech Development'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.
Co-Tech Development (ROCO:8358) has a Receivables Turnover of 0.99 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 Co-Tech Development and its competitors. According to the industry distribution chart, Co-Tech Development ranks #1615 out of 2468 companies in the Hardware industry, placing it in the top 65.4%.
Is Co-Tech Development's Receivables Turnover too high?
Co-Tech Development's current Receivables Turnover is 0.99. The Hardware industry median Receivables Turnover is 4.95. Co-Tech Development's value of 0.99 is 80% below this industry median. Based on the distribution chart, Co-Tech Development ranks #1615 out of 2468 companies in the Hardware industry, which is below the industry midpoint. Overall, Co-Tech Development has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Co-Tech Development's Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, Co-Tech Development ranks #1615 out of 2468 companies for Receivables Turnover. This places Co-Tech Development in the lower half of its industry. The industry median Receivables Turnover is 4.95. Co-Tech Development's value of 0.99 is 80% 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 Hardware company?
The median Receivables Turnover among Hardware companies is 4.95, based on 2,468 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. Co-Tech Development's current Receivables Turnover of 0.99 is 80% 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 Co-Tech Development and its competitors. For the Hardware industry, the median Receivables Turnover is 4.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Co-Tech Development's current Receivables Turnover is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Co-Tech Development stock overvalued right now?
Based on GuruFocus' analysis, Co-Tech Development (ROCO:8358) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$85.32, compared to a current price of NT$418.50 — trading 390.5% above its estimated fair value. The current Receivables Turnover is 0.99 and 80% below the Hardware industry median of 4.95. Co-Tech Development's overall GF Score™ is 63/100 with 2 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 Co-Tech Development (ROCO:8358), the current Receivables Turnover is 0.99 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 Co-Tech Development (ROCO:8358) Overvalued in 2026?
Based on GuruFocus' analysis, Co-Tech Development stock appears to be overvalued.
The current stock price of NT$418.50 is trading 390.5% above its estimated GF Value™ of NT$85.32.
GuruFocus considers Co-Tech Development to be Significantly Overvalued.
Key valuation signals for ROCO:8358:
Receivables Turnover: 0.99
GF Value™: NT$85.32 vs. price of NT$418.50 (390.5% above fair value)
Industry Position: 80% below the Hardware median (#1615 of 2468)
No single metric tells the full story. See the ROCO:8358 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Co-Tech Development Corp manufactures and sells standard, low profile and high-performance series of copper foil products to supply the printed circuit board industry. Its products include IT, 3C Products HDI, LED car lighting module, Server, Switch, Storage, Rigid-Flex PCB, Touch module, 3D face recognition, Automotive market, 5G Antenna Radar, ADAS, HDI / Rigid-Flex Board, Touch module, Wearable devices / VR, Augmented Reality, Mobile terminal, 3D face recognition, Communication module. The group has only copper foil segment operating in two principal geographical areas - Taiwan and China.
63GF Score
Get the complete analysis for ROCO:8358
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