Taiwan Paiho (TPE:9938) Receivables Turnover: 1.37 (As of Dec. 2025)

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TPE:9938 Taiwan Paiho Ltd TPE:9938
79 GF Score
Price NT$47.15
GF Value NT$68.70
Valuation Possible Value Trap
! 7 Warning Signs
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What is Taiwan Paiho Receivables Turnover?

Taiwan Paiho TPE:9938 +0.75% 79 Receivables Turnover is 1.37 as of Dec. 2025. GuruFocus rates TPE:9938 with a GF Score™ of 79/100 and a GF Value™ of NT$68.70 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,035 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks worse than 60.68% on this metric.

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. Taiwan Paiho's Revenue for the three months ended in Dec. 2025 was NT$3,767 Mil. Taiwan Paiho's average Accounts Receivable for the three months ended in Dec. 2025 was NT$2,753 Mil. Hence, Taiwan Paiho's Receivables Turnover for the three months ended in Dec. 2025 was 1.37.


Taiwan Paiho  (TPE:9938) 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.


Taiwan Paiho Receivables Turnover Related Terms


Taiwan Paiho Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Taiwan Paiho'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.

Taiwan Paiho Receivables Turnover Chart

Taiwan Paiho Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.88 6.64 6.13 6.74 6.00

Taiwan Paiho Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.41 1.51 1.35 1.62 1.37

Taiwan Paiho Receivables Turnover Competitor Comparison

For the Textile Manufacturing subindustry, Taiwan Paiho'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.


Taiwan Paiho Receivables Turnover vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taiwan Paiho's Receivables Turnover falls into.


TPE:9938
79GF Score
Taiwan Paiho Ltd TPE:9938
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Paiho Receivables Turnover Calculation

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

Taiwan Paiho's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=15775.289 / ((2594.767 + 2665.087) / 2 )
=15775.289 / 2629.927
=6.00

Taiwan Paiho's Receivables Turnover for the quarter that ended in Dec. 2025 is calculated as

Receivables Turnover (Q: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2025 ) / ((Accounts Receivable (Q: Sep. 2025 ) + Accounts Receivable (Q: Dec. 2025 )) / count )
=3766.866 / ((2840.371 + 2665.087) / 2 )
=3766.866 / 2752.729
=1.37

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.37 mean?
Taiwan Paiho (TPE:9938) has a Receivables Turnover of 1.37 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 Taiwan Paiho and its competitors. According to the industry distribution chart, Taiwan Paiho ranks #628 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 60.7%.
Is Taiwan Paiho's Receivables Turnover too high?
Taiwan Paiho's current Receivables Turnover is 1.37. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.89. Taiwan Paiho's value of 1.37 is 80.1% below this industry median. Based on the distribution chart, Taiwan Paiho ranks #628 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Taiwan Paiho has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Receivables Turnover compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #628 out of 1035 companies for Receivables Turnover. This places Taiwan Paiho in the lower half of its industry. The industry median Receivables Turnover is 6.89. Taiwan Paiho's value of 1.37 is 80.1% 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 Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.89, based on 1,035 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. Taiwan Paiho's current Receivables Turnover of 1.37 is 80.1% 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 Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Receivables Turnover is 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.70, compared to a current price of NT$47.15 — trading 31.4% below its estimated fair value. The current Receivables Turnover is 1.37 and 80.1% below the Manufacturing - Apparel & Accessories industry median of 6.89. Taiwan Paiho's overall GF Score™ is 79/100 with 7 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 Taiwan Paiho (TPE:9938), the current Receivables Turnover is 1.37 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 Taiwan Paiho (TPE:9938) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued. The current stock price of NT$47.15 is trading 31.4% below its estimated GF Value™ of NT$68.70. GuruFocus considers Taiwan Paiho to be Possible Value Trap.

Key valuation signals for TPE:9938:

  • Receivables Turnover: 1.37
  • GF Value™: NT$68.70 vs. price of NT$47.15 (31.4% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 80.1% below the Manufacturing - Apparel & Accessories median (#628 of 1035)

No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Paiho Business Description

Address No. 575, Hegang Road, Hemei Township, Changhua County, Changhua, TWN, 508004
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
79GF Score

Get the complete analysis for TPE:9938

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$47.15
Price
NT$68.70
GF Value