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Better Life Group (TPE:1805) Receivables Turnover : 32.15 (As of Sep. 2024)


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What is Better Life Group 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. Better Life Group's Revenue for the three months ended in Sep. 2024 was NT$1.32 Mil. Better Life Group's average Accounts Receivable for the three months ended in Sep. 2024 was NT$0.04 Mil. Hence, Better Life Group's Receivables Turnover for the three months ended in Sep. 2024 was 32.15.


Better Life Group Receivables Turnover Historical Data

The historical data trend for Better Life Group'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.

Better Life Group Receivables Turnover Chart

Better Life Group 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 187.01 314.85 6.30 11.86 419.35

Better Life Group 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 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 387.44 24.20 49.78 53.61 32.15

Competitive Comparison of Better Life Group's Receivables Turnover

For the Real Estate - Development subindustry, Better Life Group'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.


Better Life Group's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Better Life Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Better Life Group's Receivables Turnover falls into.



Better Life Group Receivables Turnover Calculation

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

Better Life Group'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 )
=145.516 / ((0.656 + 0.038) / 2 )
=145.516 / 0.347
=419.35

Better Life Group'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 )
=1.318 / ((0.041 + 0) / 1 )
=1.318 / 0.041
=32.15

* 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.


Better Life Group  (TPE:1805) 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.


Better Life Group Receivables Turnover Related Terms

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Better Life Group Business Description

Traded in Other Exchanges
N/A
Address
No. 303, Xinhu 1st Road, 4th Floor, Neihu District, Taipei City, TWN
Better Life Group operates a business is to contract construction companies to build public housing projects and commercial buildings for lease out and sale. The company has two reporting segments which are the Construction Department: which includes the development, construction, letting and sale of residential and other properties and the Real Estate Agency Department includes third-party marketing services for leasing and sale of residential properties and the majority of revenues are generated from Construction segment.

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