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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. Cheng Shin Rubber Industry Co's Revenue for the
three
months ended in Mar. 2026 was NT$23,428 Mil. Cheng Shin Rubber Industry Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$9,059 Mil.
Hence, Cheng Shin Rubber Industry Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.59.
Cheng Shin Rubber Industry Co (TPE:2105) 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.
Cheng Shin Rubber Industry Co Receivables Turnover Related Terms
Cheng Shin Rubber Industry Co Receivables Turnover Historical Data
* 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.
Cheng Shin Rubber Industry Co Receivables Turnover Chart
TPE:2105 vs ORLY, AZO: Receivables Turnover Comparison
For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.
Cheng Shin Rubber Industry Co Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Cheng Shin Rubber Industry 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.
Cheng Shin Rubber Industry Co (TPE:2105) has a Receivables Turnover of 2.59 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 Cheng Shin Rubber Industry Co and its competitors. According to the industry distribution chart, Cheng Shin Rubber Industry Co ranks #328 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 24.9%.
Is Cheng Shin Rubber Industry Co's Receivables Turnover too high?
Cheng Shin Rubber Industry Co's current Receivables Turnover is 2.59. The Vehicles & Parts industry median Receivables Turnover is 5.99. Cheng Shin Rubber Industry Co's value of 2.59 is 56.7% below this industry median. Based on the distribution chart, Cheng Shin Rubber Industry Co ranks #328 out of 1316 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's Receivables Turnover compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Cheng Shin Rubber Industry Co ranks #328 out of 1316 companies for Receivables Turnover. This places Cheng Shin Rubber Industry Co in the top 25% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.99. Cheng Shin Rubber Industry Co's value of 2.59 is 56.7% 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 Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.99, based on 1,316 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. Cheng Shin Rubber Industry Co's current Receivables Turnover of 2.59 is 56.7% 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 Cheng Shin Rubber Industry Co and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheng Shin Rubber Industry Co's current Receivables Turnover is 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Shin Rubber Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co (TPE:2105) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.42, compared to a current price of NT$30.45 — trading 28.2% below its estimated fair value. The current Receivables Turnover is 2.59 and 56.7% below the Vehicles & Parts industry median of 5.99. Cheng Shin Rubber Industry Co's overall GF Score™ is 79/100 with 4 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 Cheng Shin Rubber Industry Co (TPE:2105), the current Receivables Turnover is 2.59 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 Cheng Shin Rubber Industry Co (TPE:2105) Overvalued in 2026?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co stock appears to be undervalued.
The current stock price of NT$30.45 is trading 28.2% below its estimated GF Value™ of NT$42.42.
GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.
Key valuation signals for TPE:2105:
Receivables Turnover: 2.59
GF Value™: NT$42.42 vs. price of NT$30.45 (28.2% below fair value)
Industry Position: 56.7% below the Vehicles & Parts median (#328 of 1316)
No single metric tells the full story. See the TPE:2105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc. Its geographical segments are Taiwan, China, the United States, and Others.
79GF Score
Get the complete analysis for TPE:2105
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