San Neng Group Holdings Co (TPE:6671) Receivables Turnover : 2.02 (As of Mar. 2024)

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What is San Neng Group Holdings 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. San Neng Group Holdings Co's Revenue for the three months ended in Mar. 2024 was NT$430 Mil. San Neng Group Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$213 Mil. Hence, San Neng Group Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.02.

San Neng Group Holdings Co Receivables Turnover Historical Data

The historical data trend for San Neng Group Holdings 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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San Neng Group Holdings Co Receivables Turnover Chart

San Neng Group Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.61

8.62

8.72

8.34

9.30

San Neng Group Holdings 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															2.06	2.72	2.31	2.39	2.02

Competitive Comparison of San Neng Group Holdings Co's Receivables Turnover

For the Household & Personal Products subindustry, San Neng Group Holdings 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.

San Neng Group Holdings Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, San Neng Group Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where San Neng Group Holdings Co's Receivables Turnover falls into.

San Neng Group Holdings Co Receivables Turnover Calculation

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

San Neng Group Holdings 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 )
=	1905.839	/ (	(207.251	+	202.687)	/	2 )
=	1905.839	/	204.969
=	9.30

San Neng Group Holdings 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 )
=	430.201	/ (	(202.687	+	222.828)	/	2 )
=	430.201	/	212.7575
=	2.02

San Neng Group Holdings Co (TPE:6671) 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.

San Neng Group Holdings Co Receivables Turnover Related Terms

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San Neng Group Holdings Co (TPE:6671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » San Neng Group Holdings Co Ltd (TPE:6671) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.58, Gongye 8th Road, Dali District, Taichung, TWN

Website

https://www.sannenggroup.com

San Neng Group Holdings Co Ltd, along with its subsidiaries, is engaged in the research and development, manufacturing and sale of various professional baking equipment and related products. Its product offerings are divided into five categories including custom categories, baking moulds, baking tools, household equipment and other categories. Products offered by the company include baking utensils, baking moulds, baking trays, toast boxes, cake moulds, pie plates, mousse rings, mixing bowls, egg whisks, pastry tubes, revolving cake stands, knives, trolleys, eggbeaters series, pre-store products series, multi-connection products, kitchen supplies, and small household appliance series.

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