Ton Yi Industrial (TPE:9907) Receivables Turnover : 2.47 (As of Jun. 2024)

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What is Ton Yi Industrial 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. Ton Yi Industrial's Revenue for the three months ended in Jun. 2024 was NT$11,621 Mil. Ton Yi Industrial's average Accounts Receivable for the three months ended in Jun. 2024 was NT$4,712 Mil. Hence, Ton Yi Industrial's Receivables Turnover for the three months ended in Jun. 2024 was 2.47.

Ton Yi Industrial Receivables Turnover Historical Data

The historical data trend for Ton Yi Industrial'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.

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Ton Yi Industrial Receivables Turnover Chart

Ton Yi Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

10.09

10.56

11.80

10.65

10.03

Ton Yi Industrial 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															2.63	2.38	2.37	2.46	2.47

Competitive Comparison of Ton Yi Industrial's Receivables Turnover

For the Packaging & Containers subindustry, Ton Yi Industrial'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.

Ton Yi Industrial's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ton Yi Industrial's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ton Yi Industrial's Receivables Turnover falls into.

Ton Yi Industrial Receivables Turnover Calculation

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

Ton Yi Industrial'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 )
=	35240.202	/ (	(3673.566	+	3350.282)	/	2 )
=	35240.202	/	3511.924
=	10.03

Ton Yi Industrial'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 )
=	11620.56	/ (	(4256.548	+	5167.788)	/	2 )
=	11620.56	/	4712.168
=	2.47

Ton Yi Industrial (TPE:9907) 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.

Ton Yi Industrial Receivables Turnover Related Terms

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Ton Yi Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ton Yi Industrial Corp (TPE:9907) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.837, Zhongzheng North Road, YongKang District, Tainan City, TWN, 710002

Website

https://www.tonyi.com.tw

Ton Yi Industrial Corp manufactures and sells a variety of packaging products. The company's primary product categories include cold rolled carbon steel, tin plates, tin cans, and polyethylene terephthalate (PET). Cold rolled carbon steel is sold to manufacturers of buckets, electric parts, steel tubes, and car parts. Tin plates are sold to manufacturers of nozzles, spouts, crown caps, and can liners. Tin cans are typically sold to the food industry, while PET is used to make plastic bottles, caps, and labels for the beverage industry.

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