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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. Hiyes International Co's Revenue for the
three
months ended in Mar. 2026 was NT$1,308 Mil. Hiyes International Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$997 Mil.
Hence, Hiyes International Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.31.
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
Hiyes International Co Receivables Turnover Historical Data
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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.
TPE:2348 vs CBRE, BEKE, JLL: Receivables Turnover Comparison
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 Receivables Turnover vs 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.
* 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.
Hiyes International Co (TPE:2348) has a Receivables Turnover of 1.31 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 Hiyes International Co and its competitors. According to the industry distribution chart, Hiyes International Co ranks #986 out of 1666 companies in the Real Estate industry, placing it in the top 59.2%.
Is Hiyes International Co's Receivables Turnover too high?
Hiyes International Co's current Receivables Turnover is 1.31. The Real Estate industry median Receivables Turnover is 10.63. Hiyes International Co's value of 1.31 is 87.7% below this industry median. Based on the distribution chart, Hiyes International Co ranks #986 out of 1666 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hiyes International Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hiyes International Co's Receivables Turnover compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hiyes International Co ranks #986 out of 1666 companies for Receivables Turnover. This places Hiyes International Co in the lower half of its industry. The industry median Receivables Turnover is 10.63. Hiyes International Co's value of 1.31 is 87.7% 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 Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.63, based on 1,666 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. Hiyes International Co's current Receivables Turnover of 1.31 is 87.7% 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 Hiyes International Co and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiyes International Co's current Receivables Turnover is 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiyes International Co stock overvalued right now?
Based on GuruFocus' analysis, Hiyes International Co (TPE:2348) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$106.70, compared to a current price of NT$76.30 — trading 28.5% below its estimated fair value. The current Receivables Turnover is 1.31 and 87.7% below the Real Estate industry median of 10.63. Hiyes International Co's overall GF Score™ is 78/100 with 12 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 Hiyes International Co (TPE:2348), the current Receivables Turnover is 1.31 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 Hiyes International Co (TPE:2348) Overvalued in 2026?
Based on GuruFocus' analysis, Hiyes International Co stock appears to be undervalued.
The current stock price of NT$76.30 is trading 28.5% below its estimated GF Value™ of NT$106.70.
GuruFocus considers Hiyes International Co to be Modestly Undervalued.
Key valuation signals for TPE:2348:
Receivables Turnover: 1.31
GF Value™: NT$106.70 vs. price of NT$76.30 (28.5% below fair value)
Industry Position: 87.7% below the Real Estate median (#986 of 1666)
No single metric tells the full story. See the TPE:2348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
Get the complete analysis for TPE:2348
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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