Far EasTone Telecommunications Co (TPE:4904) Receivables Turnover : 2.30 (As of Mar. 2024)

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What is Far EasTone Telecommunications 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. Far EasTone Telecommunications Co's Revenue for the three months ended in Mar. 2024 was NT$25,746 Mil. Far EasTone Telecommunications Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$11,187 Mil. Hence, Far EasTone Telecommunications Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.30.

Far EasTone Telecommunications Co Receivables Turnover Historical Data

The historical data trend for Far EasTone Telecommunications 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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Far EasTone Telecommunications Co Receivables Turnover Chart

Far EasTone Telecommunications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.55

9.95

10.06

9.41

8.72

Far EasTone Telecommunications Co 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															2.21	2.34	2.34	2.41	2.30

Competitive Comparison of Far EasTone Telecommunications Co's Receivables Turnover

For the Telecom Services subindustry, Far EasTone Telecommunications 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.

Far EasTone Telecommunications Co's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Far EasTone Telecommunications Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Far EasTone Telecommunications Co's Receivables Turnover falls into.

Far EasTone Telecommunications Co Receivables Turnover Calculation

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

Far EasTone Telecommunications Co'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 )
=	93690.417	/ (	(10070.601	+	11419.364)	/	2 )
=	93690.417	/	10744.9825
=	8.72

Far EasTone Telecommunications Co'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 )
=	25746.084	/ (	(11419.364	+	10954.697)	/	2 )
=	25746.084	/	11187.0305
=	2.30

Far EasTone Telecommunications Co (TPE:4904) 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.

Far EasTone Telecommunications Co Receivables Turnover Related Terms

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Far EasTone Telecommunications Co (TPE:4904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Far EasTone Telecommunications Co Ltd (TPE:4904) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 207, Tun-Hwa South Road, 28th Floor, Section 2, Taipei, TWN

Website

http://www.fareastone.com.tw

Far EasTone Telecommunications Co Ltd is a telecommunications company. It provides mobile telecommunications services (including voice and internet services), international simple resale services, digital value-added services, sale of cellular phone equipment and accessories and enterprise information and communication integration services, etc. The company operating segments are Mobile services business, Fixed-line services business, Sales business. The company generates the vast majority of its revenue in Taiwan.

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