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Av Tech (TPE:8072) Receivables Turnover : 0.95 (As of Jun. 2024)


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What is Av Tech 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. Av Tech's Revenue for the three months ended in Jun. 2024 was NT$219 Mil. Av Tech's average Accounts Receivable for the three months ended in Jun. 2024 was NT$230 Mil. Hence, Av Tech's Receivables Turnover for the three months ended in Jun. 2024 was 0.95.


Av Tech Receivables Turnover Historical Data

The historical data trend for Av Tech'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.

* Premium members only.

Av Tech Receivables Turnover Chart

Av Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.29 5.10 4.92 4.65 4.92

Av Tech Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.20 1.18 1.12 1.00 0.95

Competitive Comparison of Av Tech's Receivables Turnover

For the Security & Protection Services subindustry, Av Tech'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.


Av Tech's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Av Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Av Tech's Receivables Turnover falls into.



Av Tech Receivables Turnover Calculation

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

Av Tech'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 )
=1159.521 / ((259.63 + 211.693) / 2 )
=1159.521 / 235.6615
=4.92

Av Tech's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=218.639 / ((237.591 + 221.835) / 2 )
=218.639 / 229.713
=0.95

* 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.


Av Tech  (TPE:8072) 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.


Av Tech Receivables Turnover Related Terms

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Av Tech Business Description

Traded in Other Exchanges
N/A
Address
10f, E Building, No.19-11,, San Chung Rd., Nankang, Taipei, TWN, 115
Av Tech Corp operates in the Taiwan surveillance industry. It is mainly engaged in the manufacturing of standalone digital video recorders. The company primarily provides IP cameras, network video recorders, digital video recorders, CCTV cameras and related accessories.

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