Shinfox Energy Co (TPE:6806) Receivables Turnover : 12.52 (As of Dec. 2024)

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What is Shinfox Energy 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. Shinfox Energy Co's Revenue for the three months ended in Dec. 2024 was NT$9,722 Mil. Shinfox Energy Co's average Accounts Receivable for the three months ended in Dec. 2024 was NT$776 Mil. Hence, Shinfox Energy Co's Receivables Turnover for the three months ended in Dec. 2024 was 12.52.

Shinfox Energy Co Receivables Turnover Historical Data

The historical data trend for Shinfox Energy 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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Shinfox Energy Co Receivables Turnover Chart

Shinfox Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.03

18.02

29.07

17.60

22.55

Shinfox Energy 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															7.95	3.13	10.62	5.00	12.52

Competitive Comparison of Shinfox Energy Co's Receivables Turnover

For the Utilities - Renewable subindustry, Shinfox Energy 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.

Shinfox Energy Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shinfox Energy Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shinfox Energy Co's Receivables Turnover falls into.

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Shinfox Energy Co Receivables Turnover Calculation

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

Shinfox Energy 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 )
=	19644.727	/ (	(1109.633	+	632.904)	/	2 )
=	19644.727	/	871.2685
=	22.55

Shinfox Energy 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 )
=	9722.075	/ (	(919.572	+	632.904)	/	2 )
=	9722.075	/	776.238
=	12.52

Shinfox Energy Co (TPE:6806) 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.

Shinfox Energy Co Receivables Turnover Related Terms

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Shinfox Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shinfox Energy Co Ltd (TPE:6806) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 49, Zhongyang Road, Section 4, Tucheng District, New Taipei, TWN, 236040

Website

https://www.shinfox.com.tw

Shinfox Energy Co Ltd is a professional renewable energy and clean energy service company. It is predominantly engaged in the provision of construction services, equipment maintenance and repair, and other services. The company has invested in comprehensive professional energy services such as solar power plants and energy-saving services.

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