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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. Shui-Mu International Co's Revenue for the
three
months ended in Dec. 2025 was NT$294 Mil. Shui-Mu International Co's average Accounts Receivable for the
three
months ended in Dec. 2025 was NT$20 Mil.
Hence, Shui-Mu International Co's Receivables Turnover for the
three
months ended in Dec. 2025 was 14.65.
Shui-Mu International Co (TPE:8443) 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.
Shui-Mu International Co Receivables Turnover Related Terms
Shui-Mu International Co Receivables Turnover Historical Data
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The historical data trend for Shui-Mu International 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.
Shui-Mu International Co Receivables Turnover Chart
TPE:8443 vs NKE, DECK, ONON: Receivables Turnover Comparison
For the Footwear & Accessories subindustry, Shui-Mu International 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.
Shui-Mu International Co Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shui-Mu International Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shui-Mu International Co'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.
Shui-Mu International Co (TPE:8443) has a Receivables Turnover of 14.65 as of Dec. 2025. 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 Shui-Mu International Co and its competitors. According to the industry distribution chart, Shui-Mu International Co ranks #35 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.4%.
Is Shui-Mu International Co's Receivables Turnover too high?
Shui-Mu International Co's current Receivables Turnover is 14.65. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.87. Shui-Mu International Co's value of 14.65 is 113.2% above this industry median. Based on the distribution chart, Shui-Mu International Co ranks #35 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Shui-Mu International Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shui-Mu International Co's Receivables Turnover compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shui-Mu International Co ranks #35 out of 1037 companies for Receivables Turnover. This places Shui-Mu International Co in the top 3% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 6.87. Shui-Mu International Co's value of 14.65 is 113.2% above 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 Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.87, based on 1,037 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. Shui-Mu International Co's current Receivables Turnover of 14.65 is 113.2% above 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 Shui-Mu International Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shui-Mu International Co's current Receivables Turnover is 14.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shui-Mu International Co stock overvalued right now?
Based on GuruFocus' analysis, Shui-Mu International Co (TPE:8443) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.14, compared to a current price of NT$11.45 — trading 2.8% above its estimated fair value. The current Receivables Turnover is 14.65 and 113.2% above the Manufacturing - Apparel & Accessories industry median of 6.87. Shui-Mu International Co's overall GF Score™ is 67/100 with 4 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 Shui-Mu International Co (TPE:8443), the current Receivables Turnover is 14.65 as of Dec. 2025. 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 Shui-Mu International Co (TPE:8443) Overvalued in 2026?
Based on GuruFocus' analysis, Shui-Mu International Co stock appears to be overvalued.
The current stock price of NT$11.45 is trading 2.8% above its estimated GF Value™ of NT$11.14.
GuruFocus considers Shui-Mu International Co to be Fairly Valued.
Key valuation signals for TPE:8443:
Receivables Turnover: 14.65
GF Value™: NT$11.14 vs. price of NT$11.45 (2.8% above fair value)
Industry Position: 113.2% above the Manufacturing - Apparel & Accessories median (#35 of 1037)
No single metric tells the full story. See the TPE:8443 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shui-Mu International Co Ltd is a Taiwan-based shoe retailing company, engaged in the wholesale and retail of shoes and bags. Its primary geographic market is Taiwan.
67GF Score
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