Mayer Steel Pipe (TPE:2020) Receivables Turnover : 2.34 (As of Mar. 2025)

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What is Mayer Steel Pipe 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. Mayer Steel Pipe's Revenue for the three months ended in Mar. 2025 was NT$1,091 Mil. Mayer Steel Pipe's average Accounts Receivable for the three months ended in Mar. 2025 was NT$467 Mil. Hence, Mayer Steel Pipe's Receivables Turnover for the three months ended in Mar. 2025 was 2.34.

Mayer Steel Pipe Receivables Turnover Historical Data

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.

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Mayer Steel Pipe Receivables Turnover Chart

Mayer Steel Pipe Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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12.00

14.01

14.16

14.21

11.36

Mayer Steel Pipe Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.82	2.56	2.19	2.46	2.34

Competitive Comparison of Mayer Steel Pipe's Receivables Turnover

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's Receivables Turnover Distribution in the 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.

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Mayer Steel Pipe Receivables Turnover Calculation

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

Mayer Steel Pipe's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	5241.842	/ (	(500.122	+	422.618)	/	2 )
=	5241.842	/	461.37
=	11.36

Mayer Steel Pipe's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	1090.617	/ (	(422.618	+	511.206)	/	2 )
=	1090.617	/	466.912
=	2.34

Mayer Steel Pipe (TPE:2020) 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.

Mayer Steel Pipe Receivables Turnover Related Terms

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Mayer Steel Pipe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mayer Steel Pipe Corp (TPE:2020) » Definitions » Receivables Turnover

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Address

No. 2-1, Section 3, Minquan East Road, 12th Floor, Zhongshan District, Taipei, TWN, 10477

Website

https://www.mayer.com.tw

Mayer Steel Pipe Corp is engaged in the steel industry. The main business of the company and its divisions are specialized in the manufacture and sale of black steel pipes, galvanized steel pipes, and stainless steel coils for pipes. The company has five reportable segments which include the Steel department, Real estate investment department, Investment department, Mineral trade department, and Hotel services department. The majority of the revenue comes from the Steel department which is engaged in 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.

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