Hiyes International Co (TPE:2348) Receivables Turnover : 1.94 (As of Mar. 2024)

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What is Hiyes International Co 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. Hiyes International Co's Revenue for the three months ended in Mar. 2024 was NT$2,280 Mil. Hiyes International Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,173 Mil. Hence, Hiyes International Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.94.

Hiyes International Co Receivables Turnover Historical Data

The historical data trend for Hiyes International 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.

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Hiyes International Co Receivables Turnover Chart

Hiyes International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.28

5.92

5.95

4.38

7.13

Hiyes International Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.69	1.44	1.34	3.55	1.94

Competitive Comparison of Hiyes International Co's Receivables Turnover

For the Real Estate Services subindustry, Hiyes International 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.

Hiyes International Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hiyes International Co's Receivables Turnover falls into.

Hiyes International Co Receivables Turnover Calculation

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

Hiyes International Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7754.584	/ (	(1067.417	+	1107.204)	/	2 )
=	7754.584	/	1087.3105
=	7.13

Hiyes International Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2279.6	/ (	(1107.204	+	1238.509)	/	2 )
=	2279.6	/	1172.8565
=	1.94

Hiyes International Co (TPE:2348) 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.

Hiyes International Co Receivables Turnover Related Terms

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Hiyes International Co (TPE:2348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hiyes International Co Ltd (TPE:2348) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN

Website

https://www.hiyes-group.com.tw

Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses. The company is also engaged in research and development, manufacture, and sale of optical readers and related components, multimedia products, personal computers and peripherals, telecommunication products, and digital cameras, as well as import and export trading of items relevant to the Company's business.

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