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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. Merry Electronics Co's Revenue for the
three
months ended in Mar. 2026 was NT$10,971 Mil. Merry Electronics Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$12,188 Mil.
Hence, Merry Electronics Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.90.
Merry Electronics Co (TPE:2439) 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.
Merry Electronics Co Receivables Turnover Related Terms
Merry Electronics Co Receivables Turnover Historical Data
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The historical data trend for Merry Electronics 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.
For the Consumer Electronics subindustry, Merry Electronics 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.
Merry Electronics Co Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Merry Electronics Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Merry Electronics 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.
Merry Electronics Co (TPE:2439) has a Receivables Turnover of 0.90 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 Merry Electronics Co and its competitors. According to the industry distribution chart, Merry Electronics Co ranks #1417 out of 2467 companies in the Hardware industry, placing it in the top 57.4%.
Is Merry Electronics Co's Receivables Turnover too high?
Merry Electronics Co's current Receivables Turnover is 0.90. The Hardware industry median Receivables Turnover is 4.90. Merry Electronics Co's value of 0.90 is 81.6% below this industry median. Based on the distribution chart, Merry Electronics Co ranks #1417 out of 2467 companies in the Hardware industry, which is below the industry midpoint. Overall, Merry Electronics Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Merry Electronics Co's Receivables Turnover compare to AAPL?
According to the Hardware industry distribution chart, Merry Electronics Co ranks #1417 out of 2467 companies for Receivables Turnover. This places Merry Electronics Co in the lower half of its industry. The industry median Receivables Turnover is 4.90. Merry Electronics Co's value of 0.90 is 81.6% 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 4.90, 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. Merry Electronics Co's current Receivables Turnover of 0.90 is 81.6% 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 Merry Electronics 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. Merry Electronics Co's current Receivables Turnover is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merry Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Merry Electronics Co (TPE:2439) is currently considered Possible Value Trap. The stock's GF Value™ is NT$119.86, compared to a current price of NT$80.70 — trading 32.7% below its estimated fair value. The current Receivables Turnover is 0.90 and 81.6% below the Hardware industry median of 4.90. Merry Electronics Co's overall GF Score™ is 79/100 with 4 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 Merry Electronics Co (TPE:2439), the current Receivables Turnover is 0.90 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 Merry Electronics Co (TPE:2439) Overvalued in 2026?
Based on GuruFocus' analysis, Merry Electronics Co stock appears to be undervalued.
The current stock price of NT$80.70 is trading 32.7% below its estimated GF Value™ of NT$119.86.
GuruFocus considers Merry Electronics Co to be Possible Value Trap.
Key valuation signals for TPE:2439:
Receivables Turnover: 0.90
GF Value™: NT$119.86 vs. price of NT$80.70 (32.7% below fair value)
Industry Position: 81.6% below the Hardware median (#1417 of 2467)
No single metric tells the full story. See the TPE:2439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products, including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Taiwan, Shenzhen, Singapore, Vietnam, Thailand and others.
79GF Score
Get the complete analysis for TPE:2439
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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