Ping Ho Environmental Technology Co (TPE:6771) Receivables Turnover : 1.69 (As of Mar. 2025)

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What is Ping Ho Environmental Technology 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. Ping Ho Environmental Technology Co's Revenue for the three months ended in Mar. 2025 was NT$163.8 Mil. Ping Ho Environmental Technology Co's average Accounts Receivable for the three months ended in Mar. 2025 was NT$97.1 Mil. Hence, Ping Ho Environmental Technology Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.69.

Ping Ho Environmental Technology Co Receivables Turnover Historical Data

The historical data trend for Ping Ho Environmental Technology 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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Ping Ho Environmental Technology Co Receivables Turnover Chart

Ping Ho Environmental Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.53

7.64

7.36

6.73

6.85

Ping Ho Environmental Technology Co Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.74	1.77	1.72	1.78	1.69

Competitive Comparison of Ping Ho Environmental Technology Co's Receivables Turnover

For the Waste Management subindustry, Ping Ho Environmental Technology 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.

Ping Ho Environmental Technology Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Ping Ho Environmental Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ping Ho Environmental Technology Co's Receivables Turnover falls into.

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Ping Ho Environmental Technology Co Receivables Turnover Calculation

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

Ping Ho Environmental Technology 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 )
=	635.001	/ (	(87.348	+	97.932)	/	2 )
=	635.001	/	92.64
=	6.85

Ping Ho Environmental Technology Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	163.801	/ (	(97.932	+	96.3)	/	2 )
=	163.801	/	97.116
=	1.69

Ping Ho Environmental Technology Co (TPE:6771) 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.

Ping Ho Environmental Technology Co Receivables Turnover Related Terms

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Ping Ho Environmental Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ping Ho Environmental Technology Co Ltd (TPE:6771) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 6, Bengong Road, Gangshan District, Kaohsiung, TWN

Website

http://www.pinghounion.com.tw

Ping Ho Environmental Technology Co Ltd is engaged in wastewater treatment business. It has patent for a regenerating coagulant which converts waste acid liquid and iron-containing sludge into special iron coagulants required for chemical. The Company mainly derives its operating income from revenue generated by the treatment of wastewater.

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