Sports Gear Co (TPE:6768) Receivables Turnover : 1.50 (As of Mar. 2024)

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What is Sports Gear 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. Sports Gear Co's Revenue for the three months ended in Mar. 2024 was NT$4,012 Mil. Sports Gear Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$2,680 Mil. Hence, Sports Gear Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.

Sports Gear Co Receivables Turnover Historical Data

The historical data trend for Sports Gear 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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Sports Gear Co Receivables Turnover Chart

Sports Gear Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.56

5.29

5.72

7.24

4.83

Sports Gear Co Quarterly Data
	Dec17	Dec18	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															1.19	1.65	1.38	1.81	1.50

Competitive Comparison of Sports Gear Co's Receivables Turnover

For the Leisure subindustry, Sports Gear 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.

Sports Gear Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sports Gear Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sports Gear Co's Receivables Turnover falls into.

Sports Gear Co Receivables Turnover Calculation

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

Sports Gear 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 )
=	14207.689	/ (	(3351.556	+	2534.96)	/	2 )
=	14207.689	/	2943.258
=	4.83

Sports Gear 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 )
=	4011.926	/ (	(2534.96	+	2824.382)	/	2 )
=	4011.926	/	2679.671
=	1.50

Sports Gear Co (TPE:6768) 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.

Sports Gear Co Receivables Turnover Related Terms

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Sports Gear Co (TPE:6768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sports Gear Co Ltd (TPE:6768) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

http://www.sportsgear.com.tw

Sports Gear Co Ltd is engaged in the manufacturing, import, and export of shoes and other sports-related products. The company produces and sells Casual shoes, Sports Shoes and others.

Sports Gear Co (TPE:6768) Headlines

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