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Rich Honour International Designs Co (TPE:6754) Receivables Turnover : 1.77 (As of Dec. 2024)


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What is Rich Honour International Designs 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. Rich Honour International Designs Co's Revenue for the three months ended in Dec. 2024 was NT$1,177 Mil. Rich Honour International Designs Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$667 Mil. Hence, Rich Honour International Designs Co's Receivables Turnover for the three months ended in Dec. 2024 was 1.77.


Rich Honour International Designs Co Receivables Turnover Historical Data

The historical data trend for Rich Honour International Designs 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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Rich Honour International Designs Co Receivables Turnover Chart

Rich Honour International Designs Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 5.01 8.07 7.08 6.06 6.92

Rich Honour International Designs Co 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 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 1.82 1.89 2.37 2.09 1.77

Competitive Comparison of Rich Honour International Designs Co's Receivables Turnover

For the Consulting Services subindustry, Rich Honour International Designs 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.


Rich Honour International Designs Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Rich Honour International Designs Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rich Honour International Designs Co's Receivables Turnover falls into.


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Rich Honour International Designs Co Receivables Turnover Calculation

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

Rich Honour International Designs Co'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 )
=5107.938 / ((779.958 + 695.356) / 2 )
=5107.938 / 737.657
=6.92

Rich Honour International Designs Co'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 )
=1177.327 / ((638.481 + 695.356) / 2 )
=1177.327 / 666.9185
=1.77

* 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.


Rich Honour International Designs Co  (TPE:6754) 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.


Rich Honour International Designs Co Receivables Turnover Related Terms

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Rich Honour International Designs Co Business Description

Traded in Other Exchanges
N/A
Address
Nanjing East Road, 12th Floor, No. 75, Section 4, Songshan District, Taipei, TWN, 105
Rich Honour International Designs Co Ltd is a Taiwan based company engaged in providing various business services such as Interior design, interior decoration, renovation, Project management, Master planing, Boutiques implementation design, Interior fitting-out, and others.

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