Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Receivables Turnover : 2.82 (As of Sep. 2024)

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What is Charoen Pokphand Enterprise(Taiwan) 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. Charoen Pokphand Enterprise(Taiwan) Co's Revenue for the three months ended in Sep. 2024 was NT$7,014 Mil. Charoen Pokphand Enterprise(Taiwan) Co's average Accounts Receivable for the three months ended in Sep. 2024 was NT$2,489 Mil. Hence, Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.82.

Charoen Pokphand Enterprise(Taiwan) Co Receivables Turnover Historical Data

The historical data trend for Charoen Pokphand Enterprise(Taiwan) 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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Charoen Pokphand Enterprise(Taiwan) Co Receivables Turnover Chart

Charoen Pokphand Enterprise(Taiwan) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.66

11.91

11.47

11.09

10.70

Charoen Pokphand Enterprise(Taiwan) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.86	2.69	2.57	2.55	2.82

Competitive Comparison of Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover

For the Packaged Foods subindustry, Charoen Pokphand Enterprise(Taiwan) 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.

Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover falls into.

Charoen Pokphand Enterprise(Taiwan) Co Receivables Turnover Calculation

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

Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	29159.749	/ (	(2797.045	+	2652.066)	/	2 )
=	29159.749	/	2724.5555
=	10.70

Charoen Pokphand Enterprise(Taiwan) Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	7013.97	/ (	(2536.203	+	2442.203)	/	2 )
=	7013.97	/	2489.203
=	2.82

Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) 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.

Charoen Pokphand Enterprise(Taiwan) Co Receivables Turnover Related Terms

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Charoen Pokphand Enterprise(Taiwan) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Charoen Pokphand Enterprise(Taiwan) Co Ltd (TPE:1215) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 87, Songjiang Road, 17th Floor, Taipei, TWN, 104

Website

https://www.cptwn.com.tw

Charoen Pokphand Enterprise(Taiwan) Co Ltd is a poultry processing company based in Taiwan. Its products include processed meat products, feedstuff, and processed cooked feedstuff, including chicken floss, hams, chicken nuggets, chicken chops, bacon, and others. It has four reportable segments. Feeds business that manufactures and sells animal feeds and wholesale of the commodity; Meat processing business; Food processing business; Husbandry business that includes management of chickens to produce eggs and meat. Its geographical segments are Domestic and Asia, of which the majority of its revenue comes from the domestic market.

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