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Formosa Epitaxyorporation (TPE:3061) Receivables Turnover : 0.86 (As of Sep. 2014)


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What is Formosa Epitaxyorporation 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. Formosa Epitaxyorporation's Revenue for the three months ended in Sep. 2014 was NT$1,436 Mil. Formosa Epitaxyorporation's average Accounts Receivable for the three months ended in Sep. 2014 was NT$1,664 Mil. Hence, Formosa Epitaxyorporation's Receivables Turnover for the three months ended in Sep. 2014 was 0.86.


Formosa Epitaxyorporation Receivables Turnover Historical Data

The historical data trend for Formosa Epitaxyorporation'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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Formosa Epitaxyorporation Receivables Turnover Chart

Formosa Epitaxyorporation Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
Receivables Turnover
2.44 4.24 3.46 3.76 3.09

Formosa Epitaxyorporation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.55 0.70 0.96 0.86

Competitive Comparison of Formosa Epitaxyorporation's Receivables Turnover

For the Semiconductors subindustry, Formosa Epitaxyorporation'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.


Formosa Epitaxyorporation's Receivables Turnover Distribution in the Semiconductors Industry

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

* The bar in red indicates where Formosa Epitaxyorporation's Receivables Turnover falls into.



Formosa Epitaxyorporation Receivables Turnover Calculation

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

Formosa Epitaxyorporation's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Receivables Turnover (A: Dec. 2013 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2013 ) / ((Accounts Receivable (A: Dec. 2012 ) + Accounts Receivable (A: Dec. 2013 )) / count )
=4367.557 / ((1450.501 + 1380.829) / 2 )
=4367.557 / 1415.665
=3.09

Formosa Epitaxyorporation's Receivables Turnover for the quarter that ended in Sep. 2014 is calculated as

Receivables Turnover (Q: Sep. 2014 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2014 ) / ((Accounts Receivable (Q: Jun. 2014 ) + Accounts Receivable (Q: Sep. 2014 )) / count )
=1435.795 / ((1644.42 + 1684.316) / 2 )
=1435.795 / 1664.368
=0.86

* 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.


Formosa Epitaxyorporation  (TPE:3061) 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.


Formosa Epitaxyorporation Receivables Turnover Related Terms

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Formosa Epitaxyorporation (TPE:3061) Business Description

Traded in Other Exchanges
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Address
Formosa Epitaxy Incorporation manufactures & distributes indium gallium nitride wafers & chips. Its products include InGaN wafers, green InGaN wafers & ultraviolet InGaN wafers which are used in display panels, automobile parts & other applications.

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