G-Tech Optoelectronics (TPE:3149) Receivables Turnover : 1.03 (As of Mar. 2024)

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What is G-Tech Optoelectronics 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. G-Tech Optoelectronics's Revenue for the three months ended in Mar. 2024 was NT$413 Mil. G-Tech Optoelectronics's average Accounts Receivable for the three months ended in Mar. 2024 was NT$402 Mil. Hence, G-Tech Optoelectronics's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.

G-Tech Optoelectronics Receivables Turnover Historical Data

The historical data trend for G-Tech Optoelectronics'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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G-Tech Optoelectronics Receivables Turnover Chart

G-Tech Optoelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.73

3.34

3.99

4.33

4.14

G-Tech Optoelectronics 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															0.96	1.23	1.17	1.16	1.03

Competitive Comparison of G-Tech Optoelectronics's Receivables Turnover

For the Electronic Components subindustry, G-Tech Optoelectronics'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.

G-Tech Optoelectronics's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, G-Tech Optoelectronics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where G-Tech Optoelectronics's Receivables Turnover falls into.

G-Tech Optoelectronics Receivables Turnover Calculation

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

G-Tech Optoelectronics'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 )
=	1859.041	/ (	(463.195	+	433.876)	/	2 )
=	1859.041	/	448.5355
=	4.14

G-Tech Optoelectronics'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 )
=	412.891	/ (	(433.876	+	369.505)	/	2 )
=	412.891	/	401.6905
=	1.03

G-Tech Optoelectronics (TPE:3149) 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.

G-Tech Optoelectronics Receivables Turnover Related Terms

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G-Tech Optoelectronics (TPE:3149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » G-Tech Optoelectronics Corp (TPE:3149) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Zhongxing Road, Tongluo Shiang, Miaoli, TWN, 36647

Website

https://www.gtoc.com.tw

G-Tech Optoelectronics Corp operates in an optoelectronic glass processing market. The company manufactures and markets optical glass products and electronic components. The company also provides surface processing of all kinds of architectural glass, as well as processing manufacturing services including tempering, shaping, laminating, and insulating. Optoelectronics BU is the revenue-generating segment; Green Building BU is the reportable segment for the group. The Optoelectronics BU is in charge of designing, manufacturing, and selling general consumer electronics vehicle glass as well as protective touch control glass for industrial control computers.

G-Tech Optoelectronics (TPE:3149) Headlines

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