Primax Electronics (TPE:4915) Receivables Turnover: 1.40 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:4915 Primax Electronics Ltd TPE:4915
83 GF Score
Price NT$65.40
GF Value NT$82.15
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Primax Electronics Receivables Turnover?

Primax Electronics TPE:4915 +2.83% 83 Receivables Turnover is 1.40 as of Mar. 2026. GuruFocus rates TPE:4915 with a GF Score™ of 83/100 and a GF Value™ of NT$82.15 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,468 Hardware companies, Primax Electronics ranks better than 56.65% on this metric.

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. Primax Electronics's Revenue for the three months ended in Mar. 2026 was NT$15,919 Mil. Primax Electronics's average Accounts Receivable for the three months ended in Mar. 2026 was NT$11,372 Mil. Hence, Primax Electronics's Receivables Turnover for the three months ended in Mar. 2026 was 1.40.


Primax Electronics  (TPE:4915) 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.


Primax Electronics Receivables Turnover Related Terms


Primax Electronics Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Primax Electronics'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.

Primax Electronics Receivables Turnover Chart

Primax Electronics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.25 5.68 4.66 5.20 5.51

Primax Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.35 1.33 1.38 1.29 1.40

TPE:4915 vs AAPL: Receivables Turnover Comparison

For the Consumer Electronics subindustry, Primax Electronics'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.


Primax Electronics Receivables Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Primax Electronics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Primax Electronics's Receivables Turnover falls into.


TPE:4915
83GF Score
Primax Electronics Ltd TPE:4915
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Primax Electronics Receivables Turnover Calculation

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

Primax Electronics's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=60181.706 / ((10851.858 + 11007.35) / 2 )
=60181.706 / 10929.604
=5.51

Primax Electronics's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=15918.649 / ((11007.35 + 11736.396) / 2 )
=15918.649 / 11371.873
=1.40

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.40 mean?
Primax Electronics (TPE:4915) has a Receivables Turnover of 1.40 as of Mar. 2026. The accounts 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. View historical data on Primax Electronics and its competitors. According to the industry distribution chart, Primax Electronics ranks #1070 out of 2468 companies in the Hardware industry, placing it in the top 43.4%.
Is Primax Electronics' Receivables Turnover too high?
Primax Electronics' current Receivables Turnover is 1.40. The Hardware industry median Receivables Turnover is 4.91. Primax Electronics' value of 1.40 is 71.5% below this industry median. Based on the distribution chart, Primax Electronics ranks #1070 out of 2468 companies in the Hardware industry, which is above the industry midpoint. Overall, Primax Electronics has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Primax Electronics' Receivables Turnover compare to AAPL?
According to the Hardware industry distribution chart, Primax Electronics ranks #1070 out of 2468 companies for Receivables Turnover. This puts Primax Electronics in the upper half of its industry. The industry median Receivables Turnover is 4.91. Primax Electronics' value of 1.40 is 71.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.91, based on 2,468 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primax Electronics's current Receivables Turnover of 1.40 is 71.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Primax Electronics and its competitors. For the Hardware industry, the median Receivables Turnover is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primax Electronics's current Receivables Turnover is 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primax Electronics stock overvalued right now?
Based on GuruFocus' analysis, Primax Electronics (TPE:4915) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$82.15, compared to a current price of NT$65.40 — trading 20.4% below its estimated fair value. The current Receivables Turnover is 1.40 and 71.5% below the Hardware industry median of 4.91. Primax Electronics' overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Primax Electronics (TPE:4915), the current Receivables Turnover is 1.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Primax Electronics (TPE:4915) Overvalued in 2026?

Based on GuruFocus' analysis, Primax Electronics stock appears to be undervalued. The current stock price of NT$65.40 is trading 20.4% below its estimated GF Value™ of NT$82.15. GuruFocus considers Primax Electronics to be Modestly Undervalued.

Key valuation signals for TPE:4915:

  • Receivables Turnover: 1.40
  • GF Value™: NT$82.15 vs. price of NT$65.40 (20.4% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 71.5% below the Hardware median (#1070 of 2468)

No single metric tells the full story. See the TPE:4915 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Primax Electronics Business Description

Address No. 669, Ruey Kuang Road, Neihu District, Taipei, TWN, 11492
Primax Electronics Ltd is a manufacturer of components for mobile devices, personal computer peripherals, business equipment, and the digital home, that operates in two business segments; The division for computer peripherals specializes in the manufacture and sale of computer mice, keyboards, trackpads, etc. The division for non-computer peripherals specializes in the manufacture and sale of digital camera modules, mobile phone accessories, multi-function printers, scanners, shredders, amplifiers, speakers and audio systems, etc. The company derives the maximum of its revenue from the non-computer peripherals segment. Geographically, it derives maximum revenue from China.
83GF Score

Get the complete analysis for TPE:4915

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$65.40
Price
NT$82.15
GF Value