Novatek Microelectronics (TPE:3034) Receivables Turnover : 1.44 (As of Mar. 2024)

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What is Novatek Microelectronics 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. Novatek Microelectronics's Revenue for the three months ended in Mar. 2024 was NT$24,428 Mil. Novatek Microelectronics's average Accounts Receivable for the three months ended in Mar. 2024 was NT$16,982 Mil. Hence, Novatek Microelectronics's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.

Novatek Microelectronics Receivables Turnover Historical Data

The historical data trend for Novatek Microelectronics'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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Novatek Microelectronics Receivables Turnover Chart

Novatek Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.86

5.99

7.33

5.59

6.75

Novatek Microelectronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.47	1.62	1.41	1.45	1.44

Competitive Comparison of Novatek Microelectronics's Receivables Turnover

For the Semiconductors subindustry, Novatek Microelectronics'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.

Novatek Microelectronics's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Novatek Microelectronics's Receivables Turnover falls into.

Novatek Microelectronics Receivables Turnover Calculation

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

Novatek Microelectronics'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 )
=	110428.698	/ (	(15764.511	+	16934.522)	/	2 )
=	110428.698	/	16349.5165
=	6.75

Novatek Microelectronics's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	24427.885	/ (	(16934.522	+	17029.983)	/	2 )
=	24427.885	/	16982.2525
=	1.44

Novatek Microelectronics (TPE:3034) 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.

Novatek Microelectronics Receivables Turnover Related Terms

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Novatek Microelectronics (TPE:3034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Novatek Microelectronics Corp (TPE:3034) » Definitions » Receivables Turnover

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N/A

Address

No.13, Innovation Road I, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.novatek.com.tw

Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others.

Novatek Microelectronics (TPE:3034) Headlines

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