Apex Dynamics (TPE:4583) Receivables Turnover : 2.66 (As of Mar. 2024)

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What is Apex Dynamics 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. Apex Dynamics's Revenue for the three months ended in Mar. 2024 was NT$720 Mil. Apex Dynamics's average Accounts Receivable for the three months ended in Mar. 2024 was NT$271 Mil. Hence, Apex Dynamics's Receivables Turnover for the three months ended in Mar. 2024 was 2.66.

Apex Dynamics Receivables Turnover Historical Data

The historical data trend for Apex Dynamics'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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Apex Dynamics Receivables Turnover Chart

Apex Dynamics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.17

9.26

9.63

9.45

8.81

Apex Dynamics Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.13	2.80	2.57	2.92	2.66

Competitive Comparison of Apex Dynamics's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Apex Dynamics'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.

Apex Dynamics's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Apex Dynamics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Apex Dynamics's Receivables Turnover falls into.

Apex Dynamics Receivables Turnover Calculation

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

Apex Dynamics'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 )
=	2686.956	/ (	(379.391	+	230.772)	/	2 )
=	2686.956	/	305.0815
=	8.81

Apex Dynamics'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 )
=	719.758	/ (	(230.772	+	311.111)	/	2 )
=	719.758	/	270.9415
=	2.66

Apex Dynamics (TPE:4583) 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.

Apex Dynamics Receivables Turnover Related Terms

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Apex Dynamics (TPE:4583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apex Dynamics Inc (TPE:4583) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.10, Keyuan 3rd Road, Situn District, Taichung, TWN, 40763

Website

https://www.apexdyna.com

Apex Dynamics Inc is involved in the production and sales of machinery equipment. It offers various equipment such as a gearbox, rack and pinion, smart lubrication equipment, traversing robots, turrets, and other equipment. The company has two reportable business departments. The precision machinery segment is engaged in the production and sales of precision reducers and automatic control equipment manufacturing. The Hotel and Restaurant Service includes catering service which is engaged in hotel housing service and catering business. The majority is from the Precision Machinery segment. Geographically, the majority is derived from Asia.

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