Bes Engineering Co (TPE:2515) Receivables Turnover : 1.13 (As of Sep. 2024)

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What is Bes Engineering Co 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. Bes Engineering Co's Revenue for the three months ended in Sep. 2024 was NT$6,359 Mil. Bes Engineering Co's average Accounts Receivable for the three months ended in Sep. 2024 was NT$5,611 Mil. Hence, Bes Engineering Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.13.

Bes Engineering Co Receivables Turnover Historical Data

The historical data trend for Bes Engineering 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.

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Bes Engineering Co Receivables Turnover Chart

Bes Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.87

9.66

9.71

6.17

5.71

Bes Engineering Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.05	1.12	1.18	1.10	1.13

Competitive Comparison of Bes Engineering Co's Receivables Turnover

For the Engineering & Construction subindustry, Bes Engineering 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.

Bes Engineering Co's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Bes Engineering Co's Receivables Turnover falls into.

Bes Engineering Co Receivables Turnover Calculation

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

Bes Engineering Co'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 )
=	18959.339	/ (	(2603.165	+	4034.845)	/	2 )
=	18959.339	/	3319.005
=	5.71

Bes Engineering Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	6358.566	/ (	(5122.082	+	6099.446)	/	2 )
=	6358.566	/	5610.764
=	1.13

Bes Engineering Co (TPE:2515) 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.

Bes Engineering Co Receivables Turnover Related Terms

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Bes Engineering Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 12, Dongxing Road, 6th Floor, Songshan District, Taipei, TWN

Website

https://www.bes.com.tw

Bes Engineering Co is a Taiwan-based company that is engaged in civil engineering and construction, real estate development, and industrial estate building. The civil construction projects carried out by the company encompass transportation facilities, pipeline projects, water and marine projects, high-tech factories, and so on. The real estate projects developed by the company include high-rise buildings, large-scale community development projects and others. The industrial estate projects developed by the company comprise various industrial parks planned by local governments.

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