Welltend Technology (TPE:3021) Receivables Turnover : 0.91 (As of Mar. 2025)

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What is Welltend Technology 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. Welltend Technology's Revenue for the three months ended in Mar. 2025 was NT$707 Mil. Welltend Technology's average Accounts Receivable for the three months ended in Mar. 2025 was NT$779 Mil. Hence, Welltend Technology's Receivables Turnover for the three months ended in Mar. 2025 was 0.91.

Welltend Technology Receivables Turnover Historical Data

The historical data trend for Welltend Technology'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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Welltend Technology Receivables Turnover Chart

Welltend Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.11

4.52

4.39

3.27

4.20

Welltend Technology Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.90	0.98	0.97	0.84	0.91

Competitive Comparison of Welltend Technology's Receivables Turnover

For the Computer Hardware subindustry, Welltend Technology'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.

Welltend Technology's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Welltend Technology's Receivables Turnover falls into.

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Welltend Technology Receivables Turnover Calculation

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

Welltend Technology'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 )
=	3470.396	/ (	(823.858	+	829.391)	/	2 )
=	3470.396	/	826.6245
=	4.20

Welltend Technology's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	707.319	/ (	(829.391	+	729.514)	/	2 )
=	707.319	/	779.4525
=	0.91

Welltend Technology (TPE:3021) 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.

Welltend Technology Receivables Turnover Related Terms

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Welltend Technology Business Description

Industry

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Address

6F, No.59, Dongxing Road, Taipei, TWN

Website

https://www.welltend.com.tw

Welltend Technology Corp is mainly engaged in the research and development, production and sales of computers, home appliances, automobiles, business-related parts, and components. The Group is divided into two operating segments: Information Service Department and the Wire & Connectors Department. The main business of the Information Service Department is the integrated planning and implementation of information systems and consulting services. The main business of the Wire & Connectors Department is the production and sale of computer peripherals, smart home appliances, communication equipment, and game consoles. The company generates the majority of its revenue from the Wire & Connectors. Geographically the company generates revenue from Thailand, Mailand china, Taiwan, and Philippines.

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