Abocom Systems (TPE:2444) Receivables Turnover : 2.34 (As of Dec. 2024)

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What is Abocom Systems Receivables Turnover?

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. Abocom Systems's Revenue for the three months ended in Dec. 2024 was NT$395 Mil. Abocom Systems's average Accounts Receivable for the three months ended in Dec. 2024 was NT$169 Mil. Hence, Abocom Systems's Receivables Turnover for the three months ended in Dec. 2024 was 2.34.

Abocom Systems Receivables Turnover Historical Data

The historical data trend for Abocom Systems'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.

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Abocom Systems Receivables Turnover Chart

Abocom Systems Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.41

6.79

5.36

5.52

7.07

Abocom Systems Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.84	1.61	1.92	1.75	2.34

Competitive Comparison of Abocom Systems's Receivables Turnover

For the Communication Equipment subindustry, Abocom Systems'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.

Abocom Systems's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Abocom Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Abocom Systems's Receivables Turnover falls into.

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Abocom Systems Receivables Turnover Calculation

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

Abocom Systems's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1392.925	/ (	(257.656	+	136.559)	/	2 )
=	1392.925	/	197.1075
=	7.07

Abocom Systems's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	395.385	/ (	(200.765	+	136.559)	/	2 )
=	395.385	/	168.662
=	2.34

Abocom Systems (TPE:2444) 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.

Abocom Systems Receivables Turnover Related Terms

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Abocom Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Abocom Systems Inc (TPE:2444) » Definitions » Receivables Turnover

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Address

No. 50-8, Scientific Research Road, 2nd Floor, Hsinchu Science Park, Zhunan Township, Miaoli County, TWN

Website

https://www.abocom.com.tw

Abocom Systems Inc is a tele-communication company engaged in research, development, production, manufacturing and sale of various digital and data network communication and information, audio-video electronics, memories, and peripherals of laptop computers. It is involved in designing, developing and manufacturing various RF / Microwave and networking solution. It also provides mobile and SOHO data communication solutions. The Company operates in four segments that include Netcom, Memory, Advanced Laser, and IoT. Its products include video transmission, switch, video server, PCI, Modem, USB, and AP Router, among others.

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