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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. Hwa Fong Rubber Ind Co's Revenue for the
three
months ended in Sep. 2025 was NT$966 Mil. Hwa Fong Rubber Ind Co's average Accounts Receivable for the
three
months ended in Sep. 2025 was NT$587 Mil.
Hence, Hwa Fong Rubber Ind Co's Receivables Turnover for the
three
months ended in Sep. 2025 was 1.65.
Hwa Fong Rubber Ind Co (TPE:2109) 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.
Hwa Fong Rubber Ind Co Receivables Turnover Related Terms
Hwa Fong Rubber Ind Co Receivables Turnover Historical Data
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The historical data trend for Hwa Fong Rubber Ind 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:2109 vs ORLY, AZO: Receivables Turnover Comparison
For the Auto Parts subindustry, Hwa Fong Rubber Ind 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.
Hwa Fong Rubber Ind Co Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hwa Fong Rubber Ind Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hwa Fong Rubber Ind 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.
Hwa Fong Rubber Ind Co (TPE:2109) has a Receivables Turnover of 1.65 as of Sep. 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 Hwa Fong Rubber Ind Co and its competitors. According to the industry distribution chart, Hwa Fong Rubber Ind Co ranks #503 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 38.2%.
Is Hwa Fong Rubber Ind Co's Receivables Turnover too high?
Hwa Fong Rubber Ind Co's current Receivables Turnover is 1.65. The Vehicles & Parts industry median Receivables Turnover is 5.99. Hwa Fong Rubber Ind Co's value of 1.65 is 72.5% below this industry median. Based on the distribution chart, Hwa Fong Rubber Ind Co ranks #503 out of 1316 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Hwa Fong Rubber Ind Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hwa Fong Rubber Ind Co's Receivables Turnover compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hwa Fong Rubber Ind Co ranks #503 out of 1316 companies for Receivables Turnover. This puts Hwa Fong Rubber Ind Co in the upper half of its industry. The industry median Receivables Turnover is 5.99. Hwa Fong Rubber Ind Co's value of 1.65 is 72.5% 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 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. Hwa Fong Rubber Ind Co's current Receivables Turnover of 1.65 is 72.5% 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 Hwa Fong Rubber Ind 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. Hwa Fong Rubber Ind Co's current Receivables Turnover is 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwa Fong Rubber Ind Co stock overvalued right now?
Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co (TPE:2109) is currently considered Fairly Valued. The stock's GF Value™ is NT$14.76, compared to a current price of NT$14.50 — trading 1.8% below its estimated fair value. The current Receivables Turnover is 1.65 and 72.5% below the Vehicles & Parts industry median of 5.99. Hwa Fong Rubber Ind Co's overall GF Score™ is 72/100 with 3 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 Hwa Fong Rubber Ind Co (TPE:2109), the current Receivables Turnover is 1.65 as of Sep. 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 Hwa Fong Rubber Ind Co (TPE:2109) Overvalued in 2026?
Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co stock appears to be undervalued.
The current stock price of NT$14.50 is trading 1.8% below its estimated GF Value™ of NT$14.76.
GuruFocus considers Hwa Fong Rubber Ind Co to be Fairly Valued.
Key valuation signals for TPE:2109:
Receivables Turnover: 1.65
GF Value™: NT$14.76 vs. price of NT$14.50 (1.8% below fair value)
Industry Position: 72.5% below the Vehicles & Parts median (#503 of 1316)
No single metric tells the full story. See the TPE:2109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company engaged in the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. The company is engaged in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks, and radial tires. The company's reportable segments from a geographical perspective are Taiwan, Thailand, the United States of America, China and Other areas. The company generates the majority of its revenue from Other Areas.
72GF Score
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