Hota Industrial Mfg Co (TPE:1536) Receivables Turnover : 0.49 (As of Sep. 2024)

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What is Hota Industrial Mfg 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. Hota Industrial Mfg Co's Revenue for the three months ended in Sep. 2024 was NT$1,457 Mil. Hota Industrial Mfg Co's average Accounts Receivable for the three months ended in Sep. 2024 was NT$2,967 Mil. Hence, Hota Industrial Mfg Co's Receivables Turnover for the three months ended in Sep. 2024 was 0.49.

Hota Industrial Mfg Co Receivables Turnover Historical Data

The historical data trend for Hota Industrial Mfg 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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Hota Industrial Mfg Co Receivables Turnover Chart

Hota Industrial Mfg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.82

2.34

2.75

2.63

2.37

Hota Industrial Mfg 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															0.55	0.57	0.52	0.54	0.49

Competitive Comparison of Hota Industrial Mfg Co's Receivables Turnover

For the Auto Parts subindustry, Hota Industrial Mfg 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.

Hota Industrial Mfg Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hota Industrial Mfg Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hota Industrial Mfg Co's Receivables Turnover falls into.

Hota Industrial Mfg Co Receivables Turnover Calculation

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

Hota Industrial Mfg 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 )
=	6599.23	/ (	(2949.521	+	2624.734)	/	2 )
=	6599.23	/	2787.1275
=	2.37

Hota Industrial Mfg 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 )
=	1456.858	/ (	(2984.852	+	2949.899)	/	2 )
=	1456.858	/	2967.3755
=	0.49

Hota Industrial Mfg Co (TPE:1536) 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.

Hota Industrial Mfg Co Receivables Turnover Related Terms

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Hota Industrial Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hota Industrial Mfg Co Ltd (TPE:1536) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 12, Keya Road, Daya District, Taichung, TWN, 42881

Website

http://www.hota.com.tw

Hota Industrial Mfg Co Ltd is a Taiwan based company. The company has three divisions which includes transmission, machinery, and medical. The machinery division is mainly involved in gear machinery manufacturing. The gear machine product range includes gear shaving machine, gear deburring machine, gear hobbing machine. The transmission division portfolio includes planetary gear set, transfer case components, transmission shaft, hydraulic pump gears, input and output shafts, motorcycles rear shafts, and transmissions gear set, among others. The medical division offers electric wheelchairs and electric scooters. It generates operating revenue from the manufacturing and trading of related products for vehicle transmission parts.

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