Tze Shin International Co (TPE:2611) Receivables Turnover : 2.53 (As of Dec. 2024)

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What is Tze Shin International 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. Tze Shin International Co's Revenue for the three months ended in Dec. 2024 was NT$184.4 Mil. Tze Shin International Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$73.0 Mil. Hence, Tze Shin International Co's Receivables Turnover for the three months ended in Dec. 2024 was 2.53.

Tze Shin International Co Receivables Turnover Historical Data

The historical data trend for Tze Shin International 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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Tze Shin International Co Receivables Turnover Chart

Tze Shin International Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.75

7.57

7.52

7.88

8.89

Tze Shin International Co 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															2.19	2.24	2.37	2.41	2.53

Competitive Comparison of Tze Shin International Co's Receivables Turnover

For the Marine Shipping subindustry, Tze Shin International 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.

Tze Shin International Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tze Shin International Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tze Shin International Co's Receivables Turnover falls into.

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Tze Shin International Co Receivables Turnover Calculation

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

Tze Shin International Co'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 )
=	687.138	/ (	(79.874	+	74.681)	/	2 )
=	687.138	/	77.2775
=	8.89

Tze Shin International Co'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 )
=	184.361	/ (	(71.228	+	74.681)	/	2 )
=	184.361	/	72.9545
=	2.53

Tze Shin International Co (TPE:2611) 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.

Tze Shin International Co Receivables Turnover Related Terms

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Tze Shin International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tze Shin International Co Ltd (TPE:2611) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

12th Floor, No. 33, Jianguo North Road, Section 2, Zhongshan district, Taipei, TWN, 104

Website

https://www.tsgroup.com.tw

Tze Shin International Co Ltd operates in the shipping and ports industry. It firm offers long-distance container transshipment; Shipside transportation operations; container haulage; truck freight: transportation of chemicals, gasoline, and diesel tanks, lease of containers, racks, and equipment; and bulk goods; and entrust of construction companies to build commercial, industrial buildings, and public housing for sale and leasing. The company's revenue mainly comes from transportation services and the operation of international tourist hotels.

Tze Shin International Co Headlines

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