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Bonny Worldwide (TPE:8467) Receivables Turnover : 1.44 (As of Mar. 2024)


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What is Bonny Worldwide 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. Bonny Worldwide's Revenue for the three months ended in Mar. 2024 was NT$519 Mil. Bonny Worldwide's average Accounts Receivable for the three months ended in Mar. 2024 was NT$361 Mil. Hence, Bonny Worldwide's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.


Bonny Worldwide Receivables Turnover Historical Data

The historical data trend for Bonny Worldwide'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.

Bonny Worldwide Receivables Turnover Chart

Bonny Worldwide 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 11.56 6.93 7.76 7.74 6.47

Bonny Worldwide Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 1.44 1.36 1.71 1.44 1.44

Competitive Comparison of Bonny Worldwide's Receivables Turnover

For the Leisure subindustry, Bonny Worldwide'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.


Bonny Worldwide's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bonny Worldwide's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bonny Worldwide's Receivables Turnover falls into.



Bonny Worldwide Receivables Turnover Calculation

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

Bonny Worldwide'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 )
=1988.058 / ((263.381 + 351.335) / 2 )
=1988.058 / 307.358
=6.47

Bonny Worldwide'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 )
=518.727 / ((351.335 + 370.235) / 2 )
=518.727 / 360.785
=1.44

* 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.


Bonny Worldwide  (TPE:8467) 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.


Bonny Worldwide Receivables Turnover Related Terms

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Bonny Worldwide (TPE:8467) Business Description

Traded in Other Exchanges
N/A
Address
No. 15, Lane. 64, Minsheng Street, Tanzi District, Taichung, TWN, 427
Bonny Worldwide Ltd is a manufacturer of carbon fiber racket Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) and related sporting goods. The main products are hockey sticks, tennis rackets, and badminton rackets. It also provides accessories, clothing, and shoes. The Company's revenue's come from North America, Mainland China , Taiwan, Other geographical region's.

Bonny Worldwide (TPE:8467) Headlines

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