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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. Merida Industry Co's Revenue for the
three
months ended in Mar. 2026 was NT$5,323 Mil. Merida Industry Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was NT$3,216 Mil.
Hence, Merida Industry Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.65.
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
Merida Industry Co Receivables Turnover Historical Data
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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.
TPE:9914 vs AS, HAS, LTH: Receivables Turnover Comparison
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 Receivables Turnover vs 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.
* 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.
Merida Industry Co (TPE:9914) has a Receivables Turnover of 1.65 as of Mar. 2026. 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 Merida Industry Co and its competitors. According to the industry distribution chart, Merida Industry Co ranks #608 out of 832 companies in the Travel & Leisure industry, placing it in the top 73.1%.
Is Merida Industry Co's Receivables Turnover too high?
Merida Industry Co's current Receivables Turnover is 1.65. The Travel & Leisure industry median Receivables Turnover is 14.10. Merida Industry Co's value of 1.65 is 88.3% below this industry median. Based on the distribution chart, Merida Industry Co ranks #608 out of 832 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Receivables Turnover compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #608 out of 832 companies for Receivables Turnover. This places Merida Industry Co in the lower half of its industry. The industry median Receivables Turnover is 14.10. Merida Industry Co's value of 1.65 is 88.3% below 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 Travel & Leisure company?
The median Receivables Turnover among Travel & Leisure companies is 14.10, based on 832 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. Merida Industry Co's current Receivables Turnover of 1.65 is 88.3% below 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Receivables Turnover is 14.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Receivables Turnover is 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$130.81, compared to a current price of NT$79.20 — trading 39.5% below its estimated fair value. The current Receivables Turnover is 1.65 and 88.3% below the Travel & Leisure industry median of 14.10. Merida Industry Co's overall GF Score™ is 71/100 with 5 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 Merida Industry Co (TPE:9914), the current Receivables Turnover is 1.65 as of Mar. 2026. 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$79.20 is trading 39.5% below its estimated GF Value™ of NT$130.81.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
Receivables Turnover: 1.65
GF Value™: NT$130.81 vs. price of NT$79.20 (39.5% below fair value)
Industry Position: 88.3% below the Travel & Leisure median (#608 of 832)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
71GF Score
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