Sun Max Tech (TPE:6591) Receivables Turnover : 0.56 (As of Dec. 2024)

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What is Sun Max Tech 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. Sun Max Tech's Revenue for the three months ended in Dec. 2024 was NT$276 Mil. Sun Max Tech's average Accounts Receivable for the three months ended in Dec. 2024 was NT$493 Mil. Hence, Sun Max Tech's Receivables Turnover for the three months ended in Dec. 2024 was 0.56.

Sun Max Tech Receivables Turnover Historical Data

The historical data trend for Sun Max Tech'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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Sun Max Tech Receivables Turnover Chart

Sun Max Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.81

2.84

2.79

2.54

2.42

Sun Max Tech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.60	0.58	0.66	0.72	0.56

Competitive Comparison of Sun Max Tech's Receivables Turnover

For the Computer Hardware subindustry, Sun Max Tech'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.

Sun Max Tech's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sun Max Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sun Max Tech's Receivables Turnover falls into.

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Sun Max Tech Receivables Turnover Calculation

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

Sun Max Tech's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1262.815	/ (	(560.958	+	481.48)	/	2 )
=	1262.815	/	521.219
=	2.42

Sun Max Tech's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	275.604	/ (	(503.564	+	481.48)	/	2 )
=	275.604	/	492.522
=	0.56

Sun Max Tech (TPE:6591) 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.

Sun Max Tech Receivables Turnover Related Terms

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Sun Max Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sun Max Tech Ltd (TPE:6591) » Definitions » Receivables Turnover

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Address

802 West Bay Road, Oleander Way, P.O. Box 32052, The Grand Pavilion Commercial Centre, Grand Cayman, CYM, KY1-1208

Website

https://www.sun-max.com.tw

Sun Max Tech Ltd is engaged in the research and development, production, and sales of DC brushless cooling fans, liquid cooling pumps, and other computer-related accessories in Taiwan. Its products are mainly used for personal computers (PC), communications networks, and Industrial control. The company generates maximum revenue from a Cooling fan. Geographically, it derives a majority of its revenue from China and also has a presence in Taiwan and Other countries.

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