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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. Shiny Chemical Industrial Co's Revenue for the
three
months ended in Mar. 2026 was NT$3,044 Mil. Shiny Chemical Industrial Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$1,467 Mil.
Hence, Shiny Chemical Industrial Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.07.
Shiny Chemical Industrial Co (TPE:1773) 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.
Shiny Chemical Industrial Co Receivables Turnover Related Terms
Shiny Chemical Industrial Co Receivables Turnover Historical Data
* 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.
Shiny Chemical Industrial Co Receivables Turnover Chart
For the Chemicals subindustry, Shiny Chemical Industrial 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.
Shiny Chemical Industrial Co Receivables Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shiny Chemical Industrial Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shiny Chemical Industrial Co's Receivables Turnover falls into.
* 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.
Shiny Chemical Industrial Co (TPE:1773) has a Receivables Turnover of 2.07 as of Mar. 2026. The accounts 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. View historical data on Shiny Chemical Industrial Co and its competitors. According to the industry distribution chart, Shiny Chemical Industrial Co ranks #408 out of 1577 companies in the Chemicals industry, placing it in the top 25.9%.
Is Shiny Chemical Industrial Co's Receivables Turnover too high?
Shiny Chemical Industrial Co's current Receivables Turnover is 2.07. The Chemicals industry median Receivables Turnover is 5.60. Shiny Chemical Industrial Co's value of 2.07 is 63% below this industry median. Based on the distribution chart, Shiny Chemical Industrial Co ranks #408 out of 1577 companies in the Chemicals industry, which is above the industry midpoint. Overall, Shiny Chemical Industrial Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shiny Chemical Industrial Co's Receivables Turnover compare to DOW?
According to the Chemicals industry distribution chart, Shiny Chemical Industrial Co ranks #408 out of 1577 companies for Receivables Turnover. This puts Shiny Chemical Industrial Co in the upper half of its industry. The industry median Receivables Turnover is 5.60. Shiny Chemical Industrial Co's value of 2.07 is 63% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.60, based on 1,577 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shiny Chemical Industrial Co's current Receivables Turnover of 2.07 is 63% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Shiny Chemical Industrial Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shiny Chemical Industrial Co's current Receivables Turnover is 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiny Chemical Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Shiny Chemical Industrial Co (TPE:1773) is currently considered Fairly Valued. The stock's GF Value™ is NT$145.11, compared to a current price of NT$148.00 — trading 2% above its estimated fair value. The current Receivables Turnover is 2.07 and 63% below the Chemicals industry median of 5.60. Shiny Chemical Industrial Co's overall GF Score™ is 95/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Shiny Chemical Industrial Co (TPE:1773), the current Receivables Turnover is 2.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shiny Chemical Industrial Co (TPE:1773) Overvalued in 2026?
Based on GuruFocus' analysis, Shiny Chemical Industrial Co stock appears to be overvalued.
The current stock price of NT$148.00 is trading 2% above its estimated GF Value™ of NT$145.11.
GuruFocus considers Shiny Chemical Industrial Co to be Fairly Valued.
Key valuation signals for TPE:1773:
Receivables Turnover: 2.07
GF Value™: NT$145.11 vs. price of NT$148.00 (2% above fair value)
Industry Position: 63% below the Chemicals median (#408 of 1577)
No single metric tells the full story. See the TPE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shiny Chemical Industrial Co Ltd is a Taiwan-based company predominantly engaged in the manufacturing and distribution of chemical solvent series products including N-Butyl Acetate, and N-Propyl Acetate, Propylene Glycol Monomethyl Ether Propionate and Methanol, and among others. Geographically, the company generates a majority of its revenue from Taiwan and the rest from South Korea, Vietnam, Thailand, China, and other markets.
95GF Score
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