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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. Shin Hai Gas's Revenue for the
three
months ended in Dec. 2025 was NT$593 Mil. Shin Hai Gas's average Accounts Receivable for the
three
months ended in Dec. 2025 was NT$235 Mil.
Hence, Shin Hai Gas's Receivables Turnover for the
three
months ended in Dec. 2025 was 2.52.
Shin Hai Gas (TPE:9926) 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.
Shin Hai Gas Receivables Turnover Related Terms
Shin Hai Gas Receivables Turnover Historical Data
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The historical data trend for Shin Hai Gas'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:9926 vs ATO, NI, UGI: Receivables Turnover Comparison
For the Utilities - Regulated Gas subindustry, Shin Hai Gas'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.
Shin Hai Gas Receivables Turnover vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Hai Gas's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shin Hai Gas'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.
Shin Hai Gas (TPE:9926) has a Receivables Turnover of 2.52 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 Shin Hai Gas and its competitors. According to the industry distribution chart, Shin Hai Gas ranks #155 out of 496 companies in the Utilities - Regulated industry, placing it in the top 31.2%.
Is Shin Hai Gas' Receivables Turnover too high?
Shin Hai Gas' current Receivables Turnover is 2.52. The Utilities - Regulated industry median Receivables Turnover is 6.76. Shin Hai Gas' value of 2.52 is 62.7% below this industry median. Based on the distribution chart, Shin Hai Gas ranks #155 out of 496 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Shin Hai Gas has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Hai Gas' Receivables Turnover compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Hai Gas ranks #155 out of 496 companies for Receivables Turnover. This puts Shin Hai Gas in the upper half of its industry. The industry median Receivables Turnover is 6.76. Shin Hai Gas' value of 2.52 is 62.7% 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 an Utilities - Regulated company?
The median Receivables Turnover among Utilities - Regulated companies is 6.76, based on 496 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. Shin Hai Gas's current Receivables Turnover of 2.52 is 62.7% 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 Shin Hai Gas and its competitors. For the Utilities - Regulated industry, the median Receivables Turnover is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Hai Gas's current Receivables Turnover is 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Hai Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin Hai Gas (TPE:9926) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$58.30, compared to a current price of NT$49.50 — trading 15.1% below its estimated fair value. The current Receivables Turnover is 2.52 and 62.7% below the Utilities - Regulated industry median of 6.76. Shin Hai Gas' overall GF Score™ is 93/100 with 3 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 Shin Hai Gas (TPE:9926), the current Receivables Turnover is 2.52 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 Shin Hai Gas (TPE:9926) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Hai Gas stock appears to be undervalued.
The current stock price of NT$49.50 is trading 15.1% below its estimated GF Value™ of NT$58.30.
GuruFocus considers Shin Hai Gas to be Modestly Undervalued.
Key valuation signals for TPE:9926:
Receivables Turnover: 2.52
GF Value™: NT$58.30 vs. price of NT$49.50 (15.1% below fair value)
Industry Position: 62.7% below the Utilities - Regulated median (#155 of 496)
No single metric tells the full story. See the TPE:9926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Hai Gas Corp is mainly engaged in natural gas supply service, natural gas transmission system construction, sale and installation of gas equipment, and operation and investment of type one telecommunications enterprise. The company's reportable segments include the Gas supply segment, Equipment segment, Telecommunication segment, and Others. The majority of its revenue is generated from the Gas supply segment, which derives income from the sales of natural gas.
93GF Score
Get the complete analysis for TPE:9926
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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