Chen Full International Co (ROCO:8383) Receivables Turnover : 1.56 (As of Mar. 2024)

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What is Chen Full International 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. Chen Full International Co's Revenue for the three months ended in Mar. 2024 was NT$613 Mil. Chen Full International Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$392 Mil. Hence, Chen Full International Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.56.

Chen Full International Co Receivables Turnover Historical Data

The historical data trend for Chen Full International 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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Chen Full International Co Receivables Turnover Chart

Chen Full International Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.77

6.15

7.18

8.31

7.99

Chen Full International Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.32	1.54	1.10	1.20	1.56

Competitive Comparison of Chen Full International Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Chen Full International 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.

Chen Full International Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chen Full International Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chen Full International Co's Receivables Turnover falls into.

Chen Full International Co Receivables Turnover Calculation

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

Chen Full International Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	4019.184	/ (	(495.552	+	510.727)	/	2 )
=	4019.184	/	503.1395
=	7.99

Chen Full International Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	612.919	/ (	(405.278	+	379.042)	/	2 )
=	612.919	/	392.16
=	1.56

Chen Full International Co (ROCO:8383) 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.

Chen Full International Co Receivables Turnover Related Terms

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Chen Full International Co (ROCO:8383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chen Full International Co Ltd (ROCO:8383) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 99, Nankan Road, 9th Floor, Section 1, Luzhu District, Taoyuan, TWN, 33859

Website

https://www.chenfull.com.tw

Chen Full International Co Ltd is engaged in semiconductor control equipment system engineering; buying, selling, designing, manufacturing, and constructing cleanroom, ultrapure water equipment pipelines, and various chemical engineering equipment; manufacturing and trading of various hydraulic, mechanical parts, factory engineering pipeline materials, and precision molds; design planning of machinery and equipment for entire shoe factories and the manufacturing, processing, and trading of related material products; as well as the manufacturing and trading of various aircraft equipment.

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