Taiwan Glass Ind (TPE:1802) Receivables Turnover : 2.49 (As of Mar. 2024)

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What is Taiwan Glass Ind 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. Taiwan Glass Ind's Revenue for the three months ended in Mar. 2024 was NT$9,866 Mil. Taiwan Glass Ind's average Accounts Receivable for the three months ended in Mar. 2024 was NT$3,962 Mil. Hence, Taiwan Glass Ind's Receivables Turnover for the three months ended in Mar. 2024 was 2.49.

Taiwan Glass Ind Receivables Turnover Historical Data

The historical data trend for Taiwan Glass Ind'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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Taiwan Glass Ind Receivables Turnover Chart

Taiwan Glass Ind Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.43

9.38

10.60

8.76

10.79

Taiwan Glass Ind 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															2.35	2.93	2.97	2.87	2.49

Competitive Comparison of Taiwan Glass Ind's Receivables Turnover

For the Building Materials subindustry, Taiwan Glass Ind'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.

Taiwan Glass Ind's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiwan Glass Ind's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taiwan Glass Ind's Receivables Turnover falls into.

Taiwan Glass Ind Receivables Turnover Calculation

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

Taiwan Glass Ind'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 )
=	45619.038	/ (	(4493.995	+	3958.954)	/	2 )
=	45619.038	/	4226.4745
=	10.79

Taiwan Glass Ind'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 )
=	9865.814	/ (	(3958.954	+	3965.284)	/	2 )
=	9865.814	/	3962.119
=	2.49

Taiwan Glass Ind (TPE:1802) 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.

Taiwan Glass Ind Receivables Turnover Related Terms

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Taiwan Glass Ind (TPE:1802) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiwan Glass Ind Corp (TPE:1802) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 261, Nanjing East Road, 11th Floor, Section 3, Taiwan Glass Building, Songshan District, Taipei, TWN, 105-405

Website

http://www.taiwanglass.com

Taiwan Glass Ind Corp manufactures and sells a variety of glass products. It operates plants that create and mold glass into glass panes, fiberglass, bottles, and jars, based on specific customer needs. The firm's product categories include flat glass, fiberglass, as well as container, tableware, and kitchenware. The flat glass products are sold to the construction and automobile industries and are used for windows and mirrors. The container, tableware, and kitchenware products are sold to the food, beverage, and pharmaceutical industries.

Taiwan Glass Ind (TPE:1802) Headlines

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