Shih Wei Navigation Co (TPE:5608) Receivables Turnover : 25.88 (As of Mar. 2024)

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What is Shih Wei Navigation 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. Shih Wei Navigation Co's Revenue for the three months ended in Mar. 2024 was NT$785 Mil. Shih Wei Navigation Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$30 Mil. Hence, Shih Wei Navigation Co's Receivables Turnover for the three months ended in Mar. 2024 was 25.88.

Shih Wei Navigation Co Receivables Turnover Historical Data

The historical data trend for Shih Wei Navigation 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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Shih Wei Navigation Co Receivables Turnover Chart

Shih Wei Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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83.67

63.61

116.63

136.20

88.69

Shih Wei Navigation 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															26.35	55.01	35.22	27.86	25.88

Competitive Comparison of Shih Wei Navigation Co's Receivables Turnover

For the Marine Shipping subindustry, Shih Wei Navigation 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.

Shih Wei Navigation Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shih Wei Navigation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shih Wei Navigation Co's Receivables Turnover falls into.

Shih Wei Navigation Co Receivables Turnover Calculation

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

Shih Wei Navigation 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 )
=	3461.132	/ (	(50.281	+	27.766)	/	2 )
=	3461.132	/	39.0235
=	88.69

Shih Wei Navigation 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 )
=	785.195	/ (	(27.766	+	32.925)	/	2 )
=	785.195	/	30.3455
=	25.88

Shih Wei Navigation Co (TPE:5608) 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.

Shih Wei Navigation Co Receivables Turnover Related Terms

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Shih Wei Navigation Co (TPE:5608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shih Wei Navigation Co Ltd (TPE:5608) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 167, Fusing North Road, 16th Floor, Song-Shan District, Taipei, TWN, 10547

Website

https://www.swnav.com.tw

Shih Wei Navigation Co Ltd is a Taiwan-based company, that engages in the provision of shipping-related services. Its business includes the international shipping industry, bulk carrier leasing, and cargo transportation of bulk timber, steel, and ores. Its shipping agency industries such as cargo handling, crew loan allocation, ship repair projects, marine materials, arrangements, and other projects. Its vessel type includes Panamax, Supramax, Handy, Multi-Purpose, and Log Carriers. The company's operating segment includes Shipping and Tourist. It generates maximum revenue from the Shipping segment. Geographically, it derives a majority of its revenue from Asia.

Shih Wei Navigation Co (TPE:5608) Headlines

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