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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. Mayer Steel Pipe's Revenue for the
three
months ended in Dec. 2025 was NT$1,008 Mil. Mayer Steel Pipe's average Accounts Receivable for the
three
months ended in Dec. 2025 was NT$401 Mil.
Hence, Mayer Steel Pipe's Receivables Turnover for the
three
months ended in Dec. 2025 was 2.51.
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.
Mayer Steel Pipe Receivables Turnover Related Terms
Mayer Steel Pipe Receivables Turnover Historical Data
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The historical data trend for Mayer Steel Pipe'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.
TPE:2020 vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe (TPE:2020) has a Receivables Turnover of 2.51 as of Dec. 2025. 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 Mayer Steel Pipe and its competitors. According to the industry distribution chart, Mayer Steel Pipe ranks #178 out of 605 companies in the Steel industry, placing it in the top 29.4%.
Is Mayer Steel Pipe's Receivables Turnover too high?
Mayer Steel Pipe's current Receivables Turnover is 2.51. The Steel industry median Receivables Turnover is 7.16. Mayer Steel Pipe's value of 2.51 is 64.9% below this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #178 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Mayer Steel Pipe has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #178 out of 605 companies for Receivables Turnover. This puts Mayer Steel Pipe in the upper half of its industry. The industry median Receivables Turnover is 7.16. Mayer Steel Pipe's value of 2.51 is 64.9% 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 Steel company?
The median Receivables Turnover among Steel companies is 7.16, based on 605 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. Mayer Steel Pipe's current Receivables Turnover of 2.51 is 64.9% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Receivables Turnover is 7.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Receivables Turnover is 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.85, compared to a current price of NT$21.20 — trading 1.7% above its estimated fair value. The current Receivables Turnover is 2.51 and 64.9% below the Steel industry median of 7.16. Mayer Steel Pipe's overall GF Score™ is 76/100 with 5 warning signs 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 Mayer Steel Pipe (TPE:2020), the current Receivables Turnover is 2.51 as of Dec. 2025. 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.20 is trading 1.7% above its estimated GF Value™ of NT$20.85.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Receivables Turnover: 2.51
GF Value™: NT$20.85 vs. price of NT$21.20 (1.7% above fair value)
Industry Position: 64.9% below the Steel median (#178 of 605)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
76GF Score
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