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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. PlayNitride's Revenue for the
three
months ended in Mar. 2026 was NT$136 Mil. PlayNitride's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$723 Mil.
Hence, PlayNitride's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.19.
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.
PlayNitride Receivables Turnover Related Terms
PlayNitride Receivables Turnover Historical Data
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The historical data trend for PlayNitride'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.
TPE:6854 vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, PlayNitride'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.
PlayNitride Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, PlayNitride's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where PlayNitride's Receivables Turnover falls into.
* 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.
PlayNitride (TPE:6854) has a Receivables Turnover of 0.19 as of Mar. 2026. The accounts 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. View historical data on PlayNitride and its competitors. According to the industry distribution chart, PlayNitride ranks #2099 out of 2469 companies in the Hardware industry, placing it in the top 85%.
Is PlayNitride's Receivables Turnover too high?
PlayNitride's current Receivables Turnover is 0.19. The Hardware industry median Receivables Turnover is 4.90. PlayNitride's value of 0.19 is 96.1% below this industry median. Based on the distribution chart, PlayNitride ranks #2099 out of 2469 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, PlayNitride has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PlayNitride's Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, PlayNitride ranks #2099 out of 2469 companies for Receivables Turnover. This places PlayNitride in the lower half of its industry. The industry median Receivables Turnover is 4.90. PlayNitride's value of 0.19 is 96.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PlayNitride's current Receivables Turnover of 0.19 is 96.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on PlayNitride and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PlayNitride's current Receivables Turnover is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PlayNitride stock overvalued right now?
Based on GuruFocus' analysis, PlayNitride (TPE:6854) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$115.40, compared to a current price of NT$91.10 — trading 21.1% below its estimated fair value. The current Receivables Turnover is 0.19 and 96.1% below the Hardware industry median of 4.90. PlayNitride's overall GF Score™ is 50/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For PlayNitride (TPE:6854), the current Receivables Turnover is 0.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PlayNitride (TPE:6854) Overvalued in 2026?
Based on GuruFocus' analysis, PlayNitride stock appears to be undervalued.
The current stock price of NT$91.10 is trading 21.1% below its estimated GF Value™ of NT$115.40.
GuruFocus considers PlayNitride to be Modestly Undervalued.
Key valuation signals for TPE:6854:
Receivables Turnover: 0.19
GF Value™: NT$115.40 vs. price of NT$91.10 (21.1% below fair value)
Industry Position: 96.1% below the Hardware median (#2099 of 2469)
No single metric tells the full story. See the TPE:6854 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PlayNitride Inc is engaged mainly in the research, development, design, manufacture, and sale of Micro LED modules and panels, in related design, installation, and maintenance of process equipment, in out-licensing of technologies, and in the chemical, raw materials, products, and material wholesale and retail. Geographically, the company operates in Taiwan, which derives key revenue.
50GF Score
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