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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. Elite Material Co's Revenue for the
three
months ended in Mar. 2026 was NT$33,067 Mil. Elite Material Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$41,242 Mil.
Hence, Elite Material Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.80.
Elite Material Co (TPE:2383) 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.
Elite Material Co Receivables Turnover Related Terms
Elite Material Co Receivables Turnover Historical Data
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The historical data trend for Elite Material 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:2383 vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, Elite Material 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.
Elite Material Co Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Elite Material Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Elite Material 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.
Elite Material Co (TPE:2383) has a Receivables Turnover of 0.80 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 Elite Material Co and its competitors. According to the industry distribution chart, Elite Material Co ranks #2014 out of 2470 companies in the Hardware industry, placing it in the top 81.5%.
Is Elite Material Co's Receivables Turnover too high?
Elite Material Co's current Receivables Turnover is 0.80. The Hardware industry median Receivables Turnover is 4.89. Elite Material Co's value of 0.80 is 83.6% below this industry median. Based on the distribution chart, Elite Material Co ranks #2014 out of 2470 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Elite Material Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, Elite Material Co ranks #2014 out of 2470 companies for Receivables Turnover. This places Elite Material Co in the lower half of its industry. The industry median Receivables Turnover is 4.89. Elite Material Co's value of 0.80 is 83.6% 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 Hardware company?
The median Receivables Turnover among Hardware companies is 4.89, based on 2,470 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. Elite Material Co's current Receivables Turnover of 0.80 is 83.6% 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 Elite Material Co and its competitors. For the Hardware industry, the median Receivables Turnover is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Material Co's current Receivables Turnover is 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,413.59, compared to a current price of NT$4,755.00 — trading 236.4% above its estimated fair value. The current Receivables Turnover is 0.80 and 83.6% below the Hardware industry median of 4.89. Elite Material Co's overall GF Score™ is 74/100 with 2 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 Elite Material Co (TPE:2383), the current Receivables Turnover is 0.80 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 Elite Material Co (TPE:2383) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued.
The current stock price of NT$4,755.00 is trading 236.4% above its estimated GF Value™ of NT$1,413.59.
GuruFocus considers Elite Material Co to be Significantly Overvalued.
Key valuation signals for TPE:2383:
Receivables Turnover: 0.80
GF Value™: NT$1,413.59 vs. price of NT$4,755.00 (236.4% above fair value)
Industry Position: 83.6% below the Hardware median (#2014 of 2470)
No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
74GF Score
Get the complete analysis for TPE:2383
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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