United Integrated Services Co (TPE:2404) Receivables Turnover: 1.93 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2404 United Integrated Services Co Ltd TPE:2404
85 GF Score
Price NT$1,100.00
GF Value NT$612.17
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is United Integrated Services Co Receivables Turnover?

United Integrated Services Co TPE:2404 +8.91% 85 Receivables Turnover is 1.93 as of Mar. 2026. GuruFocus rates TPE:2404 with a GF Score™ of 85/100 and a GF Value™ of NT$612.17 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,761 Construction companies, United Integrated Services Co ranks better than 67.97% on this metric.

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. United Integrated Services Co's Revenue for the three months ended in Mar. 2026 was NT$20,288 Mil. United Integrated Services Co's average Accounts Receivable for the three months ended in Mar. 2026 was NT$10,525 Mil. Hence, United Integrated Services Co's Receivables Turnover for the three months ended in Mar. 2026 was 1.93.


United Integrated Services Co  (TPE:2404) 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.


United Integrated Services Co Receivables Turnover Related Terms


United Integrated Services Co Receivables Turnover Historical Data

* Premium members only.

The historical data trend for United Integrated Services 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.

United Integrated Services Co Receivables Turnover Chart

United Integrated Services Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.10 8.54 8.92 7.46 8.48

United Integrated Services Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.48 1.27 1.51 1.88 1.93

TPE:2404 vs PWR, FIX, EME: Receivables Turnover Comparison

For the Engineering & Construction subindustry, United Integrated Services 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.


United Integrated Services Co Receivables Turnover vs Construction Industry

For the Construction industry and Industrials sector, United Integrated Services Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where United Integrated Services Co's Receivables Turnover falls into.


TPE:2404
85GF Score
United Integrated Services Co Ltd TPE:2404
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Integrated Services Co Receivables Turnover Calculation

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

United Integrated Services Co's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=66093.193 / ((5659.127 + 9935.577) / 2 )
=66093.193 / 7797.352
=8.48

United Integrated Services Co's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=20288.456 / ((9935.577 + 11113.804) / 2 )
=20288.456 / 10524.6905
=1.93

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.93 mean?
United Integrated Services Co (TPE:2404) has a Receivables Turnover of 1.93 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 United Integrated Services Co and its competitors. According to the industry distribution chart, United Integrated Services Co ranks #564 out of 1761 companies in the Construction industry, placing it in the top 32%.
Is United Integrated Services Co's Receivables Turnover too high?
United Integrated Services Co's current Receivables Turnover is 1.93. The Construction industry median Receivables Turnover is 4.77. United Integrated Services Co's value of 1.93 is 59.5% below this industry median. Based on the distribution chart, United Integrated Services Co ranks #564 out of 1761 companies in the Construction industry, which is above the industry midpoint. Overall, United Integrated Services Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Integrated Services Co's Receivables Turnover compare to PWR and FIX?
According to the Construction industry distribution chart, United Integrated Services Co ranks #564 out of 1761 companies for Receivables Turnover. This puts United Integrated Services Co in the upper half of its industry. The industry median Receivables Turnover is 4.77. United Integrated Services Co's value of 1.93 is 59.5% 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 Construction company?
The median Receivables Turnover among Construction companies is 4.77, based on 1,761 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. United Integrated Services Co's current Receivables Turnover of 1.93 is 59.5% 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 United Integrated Services Co and its competitors. For the Construction industry, the median Receivables Turnover is 4.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Integrated Services Co's current Receivables Turnover is 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Integrated Services Co stock overvalued right now?
Based on GuruFocus' analysis, United Integrated Services Co (TPE:2404) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$612.17, compared to a current price of NT$1,100.00 — trading 79.7% above its estimated fair value. The current Receivables Turnover is 1.93 and 59.5% below the Construction industry median of 4.77. United Integrated Services Co's overall GF Score™ is 85/100 with 1 warning sign 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 United Integrated Services Co (TPE:2404), the current Receivables Turnover is 1.93 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 United Integrated Services Co (TPE:2404) Overvalued in 2026?

Based on GuruFocus' analysis, United Integrated Services Co stock appears to be overvalued. The current stock price of NT$1,100.00 is trading 79.7% above its estimated GF Value™ of NT$612.17. GuruFocus considers United Integrated Services Co to be Significantly Overvalued.

Key valuation signals for TPE:2404:

  • Receivables Turnover: 1.93
  • GF Value™: NT$612.17 vs. price of NT$1,100.00 (79.7% above fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 59.5% below the Construction median (#564 of 1761)

No single metric tells the full story. See the TPE:2404 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Integrated Services Co Business Description

Address No. 13, Qiaohe Road, 13th Floor, Zhonghe District, New Taipei, TWN, 235029
United Integrated Services Co Ltd is a Taiwan-based engineering and construction company. The company's service offerings include engineering consulting and high-tech factory planning and delivery that integrate clients' clean-room systems; heating, ventilation, and air-conditioning systems; electrical systems; instrumentation and control; process utilities telecommunication systems; and tool hook-up. The company also provides turnkey services, including planning, procurement, construction, startup/commissioning, and post-construction operation and maintenance services. Its operating segments are Engineering and Integration department; Maintenance and Design department; and Other.
85GF Score

Get the complete analysis for TPE:2404

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$1,100.00
Price
NT$612.17
GF Value