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AMIA Co (TPE:8438) Receivables Turnover : 2.11 (As of Mar. 2024)


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What is AMIA 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. AMIA Co's Revenue for the three months ended in Mar. 2024 was NT$697 Mil. AMIA Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$330 Mil. Hence, AMIA Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.11.


AMIA Co Receivables Turnover Historical Data

The historical data trend for AMIA 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.

* Premium members only.

AMIA Co Receivables Turnover Chart

AMIA Co 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 7.94 8.01 9.71 8.40 8.57

AMIA Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.05 2.19 2.25 2.42 2.11

Competitive Comparison of AMIA Co's Receivables Turnover

For the Chemicals subindustry, AMIA 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.


AMIA Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AMIA Co's Receivables Turnover distribution charts can be found below:

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



AMIA Co Receivables Turnover Calculation

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

AMIA 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 )
=3059.344 / ((382.183 + 331.548) / 2 )
=3059.344 / 356.8655
=8.57

AMIA 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 )
=696.784 / ((331.548 + 328.554) / 2 )
=696.784 / 330.051
=2.11

* 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.


AMIA Co  (TPE:8438) 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.


AMIA Co Receivables Turnover Related Terms

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AMIA Co (TPE:8438) Business Description

Traded in Other Exchanges
N/A
Address
No.19, Dagong Road, Dayuan District, Taoyuan, TWN
AMIA Co Ltd is a Taiwan-based copper sulfate manufacturer. It is engaged in research and technology development on specialty chemicals, metal compounds, and industrial wastewater treatment for the electronics industry. The products offered by the entity cover sulfate, oxide, and carbonate. The organization also exports its products to various other countries.

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