Merida Industry Co (TPE:9914) Receivables Turnover : 1.87 (As of Mar. 2024)

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What is Merida Industry 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. Merida Industry Co's Revenue for the three months ended in Mar. 2024 was NT$5,845 Mil. Merida Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$3,124 Mil. Hence, Merida Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.87.

Merida Industry Co Receivables Turnover Historical Data

The historical data trend for Merida Industry 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.

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Merida Industry Co Receivables Turnover Chart

Merida Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

Get a 7-Day Free Trial

12.56

11.48

12.44

15.03

12.52

Merida Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.85	1.69	1.36	1.68	1.87

Competitive Comparison of Merida Industry Co's Receivables Turnover

For the Leisure subindustry, Merida Industry 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.

Merida Industry Co's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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

Merida Industry Co Receivables Turnover Calculation

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

Merida Industry Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	37003.082	/ (	(2061.599	+	3847.348)	/	2 )
=	37003.082	/	2954.4735
=	12.52

Merida Industry 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5845.495	/ (	(3107.274	+	3140.584)	/	2 )
=	5845.495	/	3123.929
=	1.87

Merida Industry Co (TPE:9914) 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.

Merida Industry Co Receivables Turnover Related Terms

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Merida Industry Co (TPE:9914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merida Industry Co Ltd (TPE:9914) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 116, Meigang Road, Dacun Township, Changhua County, Yuanlin, TWN

Website

https://www.merida-bikes.com

Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Merida distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.

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