Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Promise Technology's Revenue for the
three
months ended in Mar. 2026 was NT$167.7 Mil. Promise Technology's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$86.8 Mil.
Hence, Promise Technology's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.93.
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.
Promise Technology Receivables Turnover Related Terms
Promise Technology Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Promise 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.
TPE:3057 vs DELL, ANET, SNDK: Receivables Turnover Comparison
For the Computer Hardware subindustry, Promise 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.
Promise Technology Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Promise Technology's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Promise Technology'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.
Promise Technology (TPE:3057) has a Receivables Turnover of 1.93 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 Promise Technology and its competitors. According to the industry distribution chart, Promise Technology ranks #333 out of 2467 companies in the Hardware industry, placing it in the top 13.5%.
Is Promise Technology's Receivables Turnover too high?
Promise Technology's current Receivables Turnover is 1.93. The Hardware industry median Receivables Turnover is 4.90. Promise Technology's value of 1.93 is 60.6% below this industry median. Based on the distribution chart, Promise Technology ranks #333 out of 2467 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Promise Technology has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Promise Technology's Receivables Turnover compare to DELL and ANET?
According to the Hardware industry distribution chart, Promise Technology ranks #333 out of 2467 companies for Receivables Turnover. This places Promise Technology in the top 14% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.90. Promise Technology's value of 1.93 is 60.6% 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 Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,467 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. Promise Technology's current Receivables Turnover of 1.93 is 60.6% 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 Promise Technology and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Promise Technology's current Receivables Turnover is 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Promise Technology stock overvalued right now?
Based on GuruFocus' analysis, Promise Technology (TPE:3057) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$19.03, compared to a current price of NT$14.30 — trading 24.9% below its estimated fair value. The current Receivables Turnover is 1.93 and 60.6% below the Hardware industry median of 4.90. Promise Technology's overall GF Score™ is 65/100 with 2 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 Promise Technology (TPE:3057), the current Receivables Turnover is 1.93 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 Promise Technology (TPE:3057) Overvalued in 2026?
Based on GuruFocus' analysis, Promise Technology stock appears to be undervalued.
The current stock price of NT$14.30 is trading 24.9% below its estimated GF Value™ of NT$19.03.
GuruFocus considers Promise Technology to be Modestly Undervalued.
Key valuation signals for TPE:3057:
Receivables Turnover: 1.93
GF Value™: NT$19.03 vs. price of NT$14.30 (24.9% below fair value)
Industry Position: 60.6% below the Hardware median (#333 of 2467)
No single metric tells the full story. See the TPE:3057 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Promise Technology Inc is engaged in the manufacture of wired and wireless telecommunications machinery and equipment; research and development, production, manufacturing, and sales of high-performance controller cards and systems for computer storage devices, high-performance computer networking and graphics systems, multimedia software and hardware packages and systems, and computer telephony integration (CTI) related products; as well as management, consulting, advisory, technology transfer services related to these products, and related import and export trading activities. The RAID Enclosure (System) segment generates maximum revenue. The Company generates maximum revenue from Asia.
65GF Score
Get the complete analysis for TPE:3057
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:3057 has been successfully added to your 
