Elite Semiconductor Microelectronics Tech (TPE:3006) Receivables Turnover : 2.07 (As of Sep. 2024)

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What is Elite Semiconductor Microelectronics Tech 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. Elite Semiconductor Microelectronics Tech's Revenue for the three months ended in Sep. 2024 was NT$3,413 Mil. Elite Semiconductor Microelectronics Tech's average Accounts Receivable for the three months ended in Sep. 2024 was NT$1,645 Mil. Hence, Elite Semiconductor Microelectronics Tech's Receivables Turnover for the three months ended in Sep. 2024 was 2.07.

Elite Semiconductor Microelectronics Tech Receivables Turnover Historical Data

The historical data trend for Elite Semiconductor Microelectronics Tech'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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Elite Semiconductor Microelectronics Tech Receivables Turnover Chart

Elite Semiconductor Microelectronics Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.14

10.56

13.16

10.98

10.97

Elite Semiconductor Microelectronics Tech 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															2.32	2.48	2.55	2.31	2.07

Competitive Comparison of Elite Semiconductor Microelectronics Tech's Receivables Turnover

For the Semiconductors subindustry, Elite Semiconductor Microelectronics Tech'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.

Elite Semiconductor Microelectronics Tech's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Elite Semiconductor Microelectronics Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Elite Semiconductor Microelectronics Tech's Receivables Turnover falls into.

Elite Semiconductor Microelectronics Tech Receivables Turnover Calculation

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

Elite Semiconductor Microelectronics Tech'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 )
=	11884.121	/ (	(962.383	+	1204.521)	/	2 )
=	11884.121	/	1083.452
=	10.97

Elite Semiconductor Microelectronics Tech'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 )
=	3412.509	/ (	(1691.266	+	1599.588)	/	2 )
=	3412.509	/	1645.427
=	2.07

Elite Semiconductor Microelectronics Tech (TPE:3006) 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.

Elite Semiconductor Microelectronics Tech Receivables Turnover Related Terms

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Elite Semiconductor Microelectronics Tech Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Elite Semiconductor Microelectronics Tech Inc (TPE:3006) » Definitions » Receivables Turnover

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Address

Number 23, Industry E. Road IV, Science-Base Park, Hsinchu, TWN, 30077

Website

https://www.esmt.com.tw

Elite Semiconductor Microelectronics Tech Inc is a Taiwan-based company engaged in the design of memory-integrated circuit boards. The company generates part of its revenue domestically, with the majority of revenue earned in the Asia region outside Taiwan. The company designs, manufactures, markets, and produces dynamic random-access memory, static random-access memory, and flash memory. Products are used in applications such as personal computer storage, portable electronic devices, communication devices, mobile phones, and servers.

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