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Cosmo Electronics (TPE:2466) Receivables Turnover : 0.86 (As of Mar. 2024)


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What is Cosmo Electronics 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. Cosmo Electronics's Revenue for the three months ended in Mar. 2024 was NT$129 Mil. Cosmo Electronics's average Accounts Receivable for the three months ended in Mar. 2024 was NT$151 Mil. Hence, Cosmo Electronics's Receivables Turnover for the three months ended in Mar. 2024 was 0.86.


Cosmo Electronics Receivables Turnover Historical Data

The historical data trend for Cosmo Electronics'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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Cosmo Electronics Receivables Turnover Chart

Cosmo Electronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 3.54 4.08 4.49 4.83

Cosmo Electronics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.69 1.14 1.19 0.48 0.86

Competitive Comparison of Cosmo Electronics's Receivables Turnover

For the Electronic Components subindustry, Cosmo Electronics'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.


Cosmo Electronics's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Cosmo Electronics's Receivables Turnover falls into.



Cosmo Electronics Receivables Turnover Calculation

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

Cosmo Electronics's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=1053.42 / ((282.782 + 153.069) / 2 )
=1053.42 / 217.9255
=4.83

Cosmo Electronics's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=129.068 / ((153.069 + 147.96) / 2 )
=129.068 / 150.5145
=0.86

* 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.


Cosmo Electronics  (TPE:2466) 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.


Cosmo Electronics Receivables Turnover Related Terms

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Cosmo Electronics (TPE:2466) Business Description

Traded in Other Exchanges
N/A
Address
Liancheng Road, No. 258, 11th Floor, Zhonghe District, New Taipei, TWN, 235
Cosmo Electronics Corp is engaged in manufacture and sale of relays, photocouplers and LEDs, biomass energy, and land development business. The reportable operating segments of the company are Optoelectronics, Energy & Materials, Industrial Park Development and Others. Majority of revenue is generated from LED lighting segment.

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