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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. Tong Ming Enterprise Co's Revenue for the
three
months ended in Mar. 2026 was NT$3,165 Mil. Tong Ming Enterprise Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$2,272 Mil.
Hence, Tong Ming Enterprise Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.39.
Tong Ming Enterprise Co (TPE:5538) 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.
Tong Ming Enterprise Co Receivables Turnover Related Terms
Tong Ming Enterprise Co Receivables Turnover Historical Data
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The historical data trend for Tong Ming Enterprise 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.
Tong Ming Enterprise Co Receivables Turnover Chart
TPE:5538 vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise Co's Receivables Turnover falls into.
* 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.
Tong Ming Enterprise Co (TPE:5538) has a Receivables Turnover of 1.39 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 Tong Ming Enterprise Co and its competitors. According to the industry distribution chart, Tong Ming Enterprise Co ranks #367 out of 606 companies in the Steel industry, placing it in the top 60.6%.
Is Tong Ming Enterprise Co's Receivables Turnover too high?
Tong Ming Enterprise Co's current Receivables Turnover is 1.39. The Steel industry median Receivables Turnover is 7.15. Tong Ming Enterprise Co's value of 1.39 is 80.5% below this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #367 out of 606 companies in the Steel industry, which is below the industry midpoint. Overall, Tong Ming Enterprise Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #367 out of 606 companies for Receivables Turnover. This places Tong Ming Enterprise Co in the lower half of its industry. The industry median Receivables Turnover is 7.15. Tong Ming Enterprise Co's value of 1.39 is 80.5% 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 Steel company?
The median Receivables Turnover among Steel companies is 7.15, based on 606 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. Tong Ming Enterprise Co's current Receivables Turnover of 1.39 is 80.5% 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 Tong Ming Enterprise Co and its competitors. For the Steel industry, the median Receivables Turnover is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current Receivables Turnover is 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Fairly Valued. The stock's GF Value™ is NT$30.77, compared to a current price of NT$33.50 — trading 8.9% above its estimated fair value. The current Receivables Turnover is 1.39 and 80.5% below the Steel industry median of 7.15. Tong Ming Enterprise Co's overall GF Score™ is 81/100 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 Tong Ming Enterprise Co (TPE:5538), the current Receivables Turnover is 1.39 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$33.50 is trading 8.9% above its estimated GF Value™ of NT$30.77.
GuruFocus considers Tong Ming Enterprise Co to be Fairly Valued.
Key valuation signals for TPE:5538:
Receivables Turnover: 1.39
GF Value™: NT$30.77 vs. price of NT$33.50 (8.9% above fair value)
Industry Position: 80.5% below the Steel median (#367 of 606)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
81GF Score
Get the complete analysis for TPE:5538
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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