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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. U-Ming Marine Transport's Revenue for the
three
months ended in Mar. 2026 was NT$3,892 Mil. U-Ming Marine Transport's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$606 Mil.
Hence, U-Ming Marine Transport's Receivables Turnover for the
three
months ended in Mar. 2026 was 6.42.
U-Ming Marine Transport (TPE:2606) 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.
U-Ming Marine Transport Receivables Turnover Related Terms
U-Ming Marine Transport Receivables Turnover Historical Data
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The historical data trend for U-Ming Marine Transport'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.
U-Ming Marine Transport Receivables Turnover Chart
U-Ming Marine Transport Receivables Turnover Competitor Comparison
For the Marine Shipping subindustry, U-Ming Marine Transport'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.
U-Ming Marine Transport Receivables Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, U-Ming Marine Transport's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where U-Ming Marine Transport'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.
U-Ming Marine Transport (TPE:2606) has a Receivables Turnover of 6.42 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 U-Ming Marine Transport and its competitors. According to the industry distribution chart, U-Ming Marine Transport ranks #105 out of 998 companies in the Transportation industry, placing it in the top 10.5%.
Is U-Ming Marine Transport's Receivables Turnover too high?
U-Ming Marine Transport's current Receivables Turnover is 6.42. The Transportation industry median Receivables Turnover is 7.77. U-Ming Marine Transport's value of 6.42 is 17.3% below this industry median. Based on the distribution chart, U-Ming Marine Transport ranks #105 out of 998 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, U-Ming Marine Transport has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does U-Ming Marine Transport's Receivables Turnover compare to competitors?
According to the Transportation industry distribution chart, U-Ming Marine Transport ranks #105 out of 998 companies for Receivables Turnover. This places U-Ming Marine Transport in the top 11% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 7.77. U-Ming Marine Transport's value of 6.42 is 17.3% 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 Transportation company?
The median Receivables Turnover among Transportation companies is 7.77, based on 998 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. U-Ming Marine Transport's current Receivables Turnover of 6.42 is 17.3% 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 U-Ming Marine Transport and its competitors. For the Transportation industry, the median Receivables Turnover is 7.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U-Ming Marine Transport's current Receivables Turnover is 6.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, U-Ming Marine Transport (TPE:2606) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$58.48, compared to a current price of NT$67.50 — trading 15.4% above its estimated fair value. The current Receivables Turnover is 6.42 and 17.3% below the Transportation industry median of 7.77. U-Ming Marine Transport's overall GF Score™ is 90/100 with 9 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 U-Ming Marine Transport (TPE:2606), the current Receivables Turnover is 6.42 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 U-Ming Marine Transport (TPE:2606) Overvalued in 2026?
Based on GuruFocus' analysis, U-Ming Marine Transport stock appears to be overvalued.
The current stock price of NT$67.50 is trading 15.4% above its estimated GF Value™ of NT$58.48.
GuruFocus considers U-Ming Marine Transport to be Modestly Overvalued.
Key valuation signals for TPE:2606:
Receivables Turnover: 6.42
GF Value™: NT$58.48 vs. price of NT$67.50 (15.4% above fair value)
Industry Position: 17.3% below the Transportation median (#105 of 998)
No single metric tells the full story. See the TPE:2606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.
90GF Score
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