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Capital Futures (TPE:6024) Receivables Turnover : 3.88 (As of Mar. 2024)


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What is Capital Futures 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. Capital Futures's Revenue for the three months ended in Mar. 2024 was NT$549 Mil. Capital Futures's average Accounts Receivable for the three months ended in Mar. 2024 was NT$141 Mil. Hence, Capital Futures's Receivables Turnover for the three months ended in Mar. 2024 was 3.88.


Capital Futures Receivables Turnover Historical Data

The historical data trend for Capital Futures'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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Capital Futures Receivables Turnover Chart

Capital Futures Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 130.99 31.74 28.58 143.64 70.02

Capital Futures 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 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 42.68 19.07 18.85 15.00 3.88

Competitive Comparison of Capital Futures's Receivables Turnover

For the Capital Markets subindustry, Capital Futures'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.


Capital Futures's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Capital Futures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Capital Futures's Receivables Turnover falls into.



Capital Futures Receivables Turnover Calculation

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

Capital Futures'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 )
=1965.102 / ((11.436 + 44.695) / 2 )
=1965.102 / 28.0655
=70.02

Capital Futures'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 )
=548.709 / ((44.695 + 237.912) / 2 )
=548.709 / 141.3035
=3.88

* 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.


Capital Futures  (TPE:6024) 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.


Capital Futures Receivables Turnover Related Terms

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Capital Futures (TPE:6024) Business Description

Traded in Other Exchanges
N/A
Address
No. 97, Tun Hwa South Road, 32nd and B1 Floor, Section 2, Daan District, Taipei, TWN, 10682
Capital Futures Corp is a financial services company. It operates in a single reporting segment: the Brokerage segment and mainly involves in the futures brokerage business. It also offers futures advisory business, futures management business, Lever Exchange agency, securities investment consulting, management consulting and information software service, securities business, proprietary trading, and others.

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