Shihlin Electric & Engineering (TPE:1503) Receivables Turnover : 1.40 (As of Mar. 2024)

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What is Shihlin Electric & Engineering 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. Shihlin Electric & Engineering's Revenue for the three months ended in Mar. 2024 was NT$9,918 Mil. Shihlin Electric & Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was NT$7,079 Mil. Hence, Shihlin Electric & Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 1.40.

Shihlin Electric & Engineering Receivables Turnover Historical Data

The historical data trend for Shihlin Electric & Engineering'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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Shihlin Electric & Engineering Receivables Turnover Chart

Shihlin Electric & Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.30

4.83

4.93

5.19

5.03

Shihlin Electric & Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.36	1.13	1.16	1.14	1.40

Competitive Comparison of Shihlin Electric & Engineering's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Shihlin Electric & Engineering'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.

Shihlin Electric & Engineering's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shihlin Electric & Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shihlin Electric & Engineering's Receivables Turnover falls into.

Shihlin Electric & Engineering Receivables Turnover Calculation

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

Shihlin Electric & Engineering'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 )
=	31807.491	/ (	(6223.12	+	6416.365)	/	2 )
=	31807.491	/	6319.7425
=	5.03

Shihlin Electric & Engineering'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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	9917.947	/ (	(6416.365	+	7741.183)	/	2 )
=	9917.947	/	7078.774
=	1.40

Shihlin Electric & Engineering (TPE:1503) 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.

Shihlin Electric & Engineering Receivables Turnover Related Terms

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Shihlin Electric & Engineering (TPE:1503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shihlin Electric & Engineering Corp (TPE:1503) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 88, Zhongshan North Road, Section 6, 16th Floor, Taipei, TWN, 111

Website

https://www.seec.com.tw

Shihlin Electric & Engineering Corp is a Taiwan-based company The Group is engaged in the manufacture of heavy electrical equipment and machinery and automotive electrical equipment, devices, and related parts The company's product portfolio is categorized into five groups: automobile equipment systems, breaker switchgear and systems, heavy electric systems, and factory automation and system engineering products. The company operates production facilities in Taiwan, mainland China, and Vietnam.

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