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China Metal Products Co (TPE:1532) Receivables Turnover : 1.34 (As of Mar. 2024)


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What is China Metal Products 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. China Metal Products Co's Revenue for the three months ended in Mar. 2024 was NT$4,828 Mil. China Metal Products Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$3,593 Mil. Hence, China Metal Products Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

China Metal Products Co Receivables Turnover Historical Data

The historical data trend for China Metal Products 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.

* Premium members only.

China Metal Products Co Receivables Turnover Chart

China Metal Products Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.35 3.40 4.80 3.70 4.70

China Metal Products Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 1.36 1.50 1.23 1.34

Competitive Comparison of China Metal Products Co's Receivables Turnover

For the Metal Fabrication subindustry, China Metal Products 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.

China Metal Products Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where China Metal Products Co's Receivables Turnover falls into.


China Metal Products Co Receivables Turnover Calculation

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

China Metal Products 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 )
=17619.443 / ((3823.773 + 3665.971) / 2 )
=17619.443 / 3744.872
=4.70

China Metal Products 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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=4827.541 / ((3665.971 + 3519.185) / 2 )
=4827.541 / 3592.578
=1.34

* 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.

China Metal Products Co  (TPE:1532) 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.

China Metal Products Co Receivables Turnover Related Terms

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China Metal Products Co (TPE:1532) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Metal Products Co Ltd (TPE:1532) » Definitions » Receivables Turnover
Comparable Companies
TPE:3376 ROCO:1584 ROCO:3162 TPE:1589 TPE:4912 ROCO:6859 TPE:6235 TPE:1517 TPE:4569 ROCO:1785 ATI MLI XTER:TKA SHSE:688122 SZSE:000039 TPE:2474 ESAB XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
No. 85, Ren'ai Road, 4th Floor, Section 4, Daan District, Taipei, TWN, 106
Website
http://www.cmp.com.tw
China Metal Products Co Ltd is a Taiwan-based company that operates in three segments, namely Metal Manufacturing, which focuses on the development and selling of cast iron products; Real Estate Development, which focuses on the development and selling of residents and commercial buildings; and Lifestyle Hospitality segment focuses on retailing, amusement park, and hotel operating. Metal Manufacturing generates the majority of its revenue. The company's geographical segments include Taiwan, the United States, Japan, China, Europe, South America, and Others.

China Metal Products Co (TPE:1532) Headlines

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