Grape King Bio (TPE:1707) Receivables Turnover : 7.49 (As of Mar. 2024)

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What is Grape King Bio 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. Grape King Bio's Revenue for the three months ended in Mar. 2024 was NT$2,348 Mil. Grape King Bio's average Accounts Receivable for the three months ended in Mar. 2024 was NT$314 Mil. Hence, Grape King Bio's Receivables Turnover for the three months ended in Mar. 2024 was 7.49.

Grape King Bio Receivables Turnover Historical Data

The historical data trend for Grape King Bio'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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Grape King Bio Receivables Turnover Chart

Grape King Bio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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49.50

45.41

39.01

36.44

37.95

Grape King Bio 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															7.30	8.21	7.93	10.28	7.49

Competitive Comparison of Grape King Bio's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Grape King Bio'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.

Grape King Bio's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Grape King Bio's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grape King Bio's Receivables Turnover falls into.

Grape King Bio Receivables Turnover Calculation

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

Grape King Bio'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 )
=	10635.464	/ (	(269.647	+	290.811)	/	2 )
=	10635.464	/	280.229
=	37.95

Grape King Bio'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 )
=	2347.519	/ (	(290.811	+	336.428)	/	2 )
=	2347.519	/	313.6195
=	7.49

Grape King Bio (TPE:1707) 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.

Grape King Bio Receivables Turnover Related Terms

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Grape King Bio (TPE:1707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Grape King Bio Ltd (TPE:1707) » Definitions » Receivables Turnover

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Address

No. 402, Jinling Road, Section 2, Pingzhen District, Taoyuan, TWN, 324

Website

https://www.grapeking.com.tw

Grape King Bio Ltd is a specialty and generic drug manufacturing company engaged in the production and sales of pharmaceutical preparation, patent medicine, liquid tonic, drink, and healthy food. The company has three segments: MLM (Multi-Level Marketing) is a direct seller of Pro-partner Inc, including the Company's development and manufacturing products for Pro-partner Inc, Distributors segment includes the company's self-owned brand products, and ODM/OEM (Original Design Manufacturer/Original Equipment Manufacturer) includes ODM/OEM in Taiwan and Shanghai. The group operates in three principal geographical areas - Taiwan, China, and Others and it derives a majority of its revenue from Taiwan.

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