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Aces Electronic Co (TPE:3605) Receivables Turnover : 0.92 (As of Dec. 2024)


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What is Aces Electronic Co 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. Aces Electronic Co's Revenue for the three months ended in Dec. 2024 was NT$2,684 Mil. Aces Electronic Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$2,907 Mil. Hence, Aces Electronic Co's Receivables Turnover for the three months ended in Dec. 2024 was 0.92.


Aces Electronic Co Receivables Turnover Historical Data

The historical data trend for Aces Electronic Co'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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Aces Electronic Co Receivables Turnover Chart

Aces Electronic Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.58 4.27 3.93 3.58 3.72

Aces Electronic Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.84 0.98 0.99 0.92

Competitive Comparison of Aces Electronic Co's Receivables Turnover

For the Electronic Components subindustry, Aces Electronic Co'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.


Aces Electronic Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Aces Electronic Co's Receivables Turnover falls into.


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Aces Electronic Co Receivables Turnover Calculation

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

Aces Electronic Co'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 )
=9770.897 / ((2246.95 + 3002.04) / 2 )
=9770.897 / 2624.495
=3.72

Aces Electronic Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=2684.398 / ((2811.538 + 3002.04) / 2 )
=2684.398 / 2906.789
=0.92

* 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.


Aces Electronic Co  (TPE:3605) 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.


Aces Electronic Co Receivables Turnover Related Terms

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Aces Electronic Co Business Description

Traded in Other Exchanges
N/A
Address
No.13, Dongyuan Road, Jhongli District, Taoyuan, TWN, 32063
Aces Electronic Co Ltd is engaged in the electronic components business sector. It is mainly engaged in processing, manufacturing, and selling connectors, connector cable sets, metal stamping parts, and other electronic components. Its segments include Connectors which derives key revenue, Cables, Metal stamping, and others. Geographically, the majority of the company's revenue is generated from China and the rest from Taiwan, Philippines, the United States of America, and other countries.

Aces Electronic Co Headlines

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