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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. Sinkang Industries Co's Revenue for the
three
months ended in Mar. 2026 was NT$784 Mil. Sinkang Industries Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$414 Mil.
Hence, Sinkang Industries Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.89.
Sinkang Industries Co (TPE:2032) 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.
Sinkang Industries Co Receivables Turnover Related Terms
Sinkang Industries Co Receivables Turnover Historical Data
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The historical data trend for Sinkang Industries Co'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:2032 vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Sinkang Industries 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.
Sinkang Industries Co Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Sinkang Industries Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sinkang Industries 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.
Sinkang Industries Co (TPE:2032) has a Receivables Turnover of 1.89 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 Sinkang Industries Co and its competitors. According to the industry distribution chart, Sinkang Industries Co ranks #287 out of 606 companies in the Steel industry, placing it in the top 47.4%.
Is Sinkang Industries Co's Receivables Turnover too high?
Sinkang Industries Co's current Receivables Turnover is 1.89. The Steel industry median Receivables Turnover is 7.15. Sinkang Industries Co's value of 1.89 is 73.5% below this industry median. Based on the distribution chart, Sinkang Industries Co ranks #287 out of 606 companies in the Steel industry, which is above the industry midpoint. Overall, Sinkang Industries Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinkang Industries Co's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Sinkang Industries Co ranks #287 out of 606 companies for Receivables Turnover. This puts Sinkang Industries Co in the upper half of its industry. The industry median Receivables Turnover is 7.15. Sinkang Industries Co's value of 1.89 is 73.5% 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 7.15, based on 606 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. Sinkang Industries Co's current Receivables Turnover of 1.89 is 73.5% 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 Sinkang Industries Co and its competitors. For the Steel industry, the median Receivables Turnover is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinkang Industries Co's current Receivables Turnover is 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinkang Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Sinkang Industries Co (TPE:2032) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.67, compared to a current price of NT$15.30 — trading 8.2% below its estimated fair value. The current Receivables Turnover is 1.89 and 73.5% below the Steel industry median of 7.15. Sinkang Industries Co's overall GF Score™ is 71/100 with 6 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 Sinkang Industries Co (TPE:2032), the current Receivables Turnover is 1.89 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 Sinkang Industries Co (TPE:2032) Overvalued in 2026?
Based on GuruFocus' analysis, Sinkang Industries Co stock appears to be undervalued.
The current stock price of NT$15.30 is trading 8.2% below its estimated GF Value™ of NT$16.67.
GuruFocus considers Sinkang Industries Co to be Fairly Valued.
Key valuation signals for TPE:2032:
Receivables Turnover: 1.89
GF Value™: NT$16.67 vs. price of NT$15.30 (8.2% below fair value)
Industry Position: 73.5% below the Steel median (#287 of 606)
No single metric tells the full story. See the TPE:2032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinkang Industries Co Ltd is engaged in cutting and processing surface treatments for stainless steel. Its business activities include Steel secondary processing, Scrap iron and steel metal processing, Metal structure and architectural components manufacturing, Metal wire products manufacturing, Other fabricated metal products manufacturing, Surface treatments, and Mechanical equipment manufacturing.
71GF Score
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