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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. Good Will Instrument Co's Revenue for the
three
months ended in Mar. 2026 was NT$821 Mil. Good Will Instrument Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$675 Mil.
Hence, Good Will Instrument Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.22.
Good Will Instrument Co (TPE:2423) 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.
Good Will Instrument Co Receivables Turnover Related Terms
Good Will Instrument Co Receivables Turnover Historical Data
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The historical data trend for Good Will Instrument 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.
Good Will Instrument Co Receivables Turnover Chart
TPE:2423 vs COHR, KEYS, GRMN: Receivables Turnover Comparison
For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.
Good Will Instrument Co Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Good Will Instrument 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.
Good Will Instrument Co (TPE:2423) has a Receivables Turnover of 1.22 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 Good Will Instrument Co and its competitors. According to the industry distribution chart, Good Will Instrument Co ranks #1271 out of 2467 companies in the Hardware industry, placing it in the top 51.5%.
Is Good Will Instrument Co's Receivables Turnover too high?
Good Will Instrument Co's current Receivables Turnover is 1.22. The Hardware industry median Receivables Turnover is 4.90. Good Will Instrument Co's value of 1.22 is 75.1% below this industry median. Based on the distribution chart, Good Will Instrument Co ranks #1271 out of 2467 companies in the Hardware industry, which is below the industry midpoint. Overall, Good Will Instrument Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's Receivables Turnover compare to COHR and KEYS?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #1271 out of 2467 companies for Receivables Turnover. This places Good Will Instrument Co in the lower half of its industry. The industry median Receivables Turnover is 4.90. Good Will Instrument Co's value of 1.22 is 75.1% 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 4.90, based on 2,467 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. Good Will Instrument Co's current Receivables Turnover of 1.22 is 75.1% 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 Good Will Instrument Co and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current Receivables Turnover is 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$46.50, compared to a current price of NT$72.40 — trading 55.7% above its estimated fair value. The current Receivables Turnover is 1.22 and 75.1% below the Hardware industry median of 4.90. Good Will Instrument Co's overall GF Score™ is 75/100. 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 Good Will Instrument Co (TPE:2423), the current Receivables Turnover is 1.22 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$72.40 is trading 55.7% above its estimated GF Value™ of NT$46.50.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
Receivables Turnover: 1.22
GF Value™: NT$46.50 vs. price of NT$72.40 (55.7% above fair value)
Industry Position: 75.1% below the Hardware median (#1271 of 2467)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
75GF Score
Get the complete analysis for TPE:2423
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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