Yankey Engineering Co (TPE:6691) Receivables Turnover : 1.50 (As of Mar. 2024)

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What is Yankey Engineering 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. Yankey Engineering Co's Revenue for the three months ended in Mar. 2024 was NT$2,754 Mil. Yankey Engineering Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,839 Mil. Hence, Yankey Engineering Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.

Yankey Engineering Co Receivables Turnover Historical Data

The historical data trend for Yankey Engineering 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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Yankey Engineering Co Receivables Turnover Chart

Yankey Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.73

6.41

10.06

9.95

8.45

Yankey Engineering Co Quarterly Data
	Dec18	Jun19	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															2.53	2.41	1.76	1.40	1.50

Competitive Comparison of Yankey Engineering Co's Receivables Turnover

For the Engineering & Construction subindustry, Yankey Engineering 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.

Yankey Engineering Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Yankey Engineering Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yankey Engineering Co's Receivables Turnover falls into.

Yankey Engineering Co Receivables Turnover Calculation

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

Yankey Engineering 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 )
=	15513.571	/ (	(1417.246	+	2256.736)	/	2 )
=	15513.571	/	1836.991
=	8.45

Yankey Engineering 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 )
=	2754.284	/ (	(2256.736	+	1421.772)	/	2 )
=	2754.284	/	1839.254
=	1.50

Yankey Engineering Co (TPE:6691) 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.

Yankey Engineering Co Receivables Turnover Related Terms

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Yankey Engineering Co (TPE:6691) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yankey Engineering Co Ltd (TPE:6691) » Definitions » Receivables Turnover

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Address

No.266, Section 1, Wenhua 2nd Road, 3rd Floor, 18th Floor, Linkou District, New Taipei City, TWN, 244

Website

https://www.yankey.com.tw

Yankey Engineering Co Ltd is a Taiwan-based company engaged in the design and installation of clean room systems, refrigeration, and air conditioning systems, and ice-making systems, as well as the sales of materials for these systems. Its business projects offerings include clean room constant temperature and humidity engineering, HVAC commercial fine air conditioning, and high and low voltage transmission installation engineering. While it offers system installation engineering services to the fire system, process pipeline system, process exhaust system, water supply and drainage system, and monitoring and weak current system. It also offers green energy technology services.

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