Taiwan Hon Chuan Enterprise Co (TPE:9939) Receivables Turnover : 1.36 (As of Sep. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Taiwan Hon Chuan Enterprise 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. Taiwan Hon Chuan Enterprise Co's Revenue for the three months ended in Sep. 2024 was NT$7,895 Mil. Taiwan Hon Chuan Enterprise Co's average Accounts Receivable for the three months ended in Sep. 2024 was NT$5,825 Mil. Hence, Taiwan Hon Chuan Enterprise Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.36.

Taiwan Hon Chuan Enterprise Co Receivables Turnover Historical Data

The historical data trend for Taiwan Hon Chuan Enterprise 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.

* Premium members only.

Taiwan Hon Chuan Enterprise Co Receivables Turnover Chart

Taiwan Hon Chuan Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.84

6.39

6.75

6.65

6.51

Taiwan Hon Chuan Enterprise Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.34	1.19	1.43	1.40	1.36

Competitive Comparison of Taiwan Hon Chuan Enterprise Co's Receivables Turnover

For the Packaging & Containers subindustry, Taiwan Hon Chuan Enterprise 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.

Taiwan Hon Chuan Enterprise Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Taiwan Hon Chuan Enterprise Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taiwan Hon Chuan Enterprise Co's Receivables Turnover falls into.

Taiwan Hon Chuan Enterprise Co Receivables Turnover Calculation

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

Taiwan Hon Chuan Enterprise Co'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 )
=	26409.207	/ (	(3966.758	+	4144.275)	/	2 )
=	26409.207	/	4055.5165
=	6.51

Taiwan Hon Chuan Enterprise Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	7894.551	/ (	(5808.613	+	5841.912)	/	2 )
=	7894.551	/	5825.2625
=	1.36

Taiwan Hon Chuan Enterprise Co (TPE:9939) 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 Hon Chuan Enterprise Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Taiwan Hon Chuan Enterprise Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiwan Hon Chuan Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Taiwan Hon Chuan Enterprise Co Ltd (TPE:9939) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6, 2nd Road, Taichung Industrial Park, Xitun District, Taichung, TWN

Website

https://www.honchuan.com.tw

Taiwan Hon Chuan Enterprise Co Ltd manufactures and sells a variety of packaging products. The company's primary product categories include plastic and aluminum caps used for beverages and can liners, polyethylene terephthalate bottles used to produce water bottles, and labels for consumer products. The firm also sells tobacco and liquor packaging as well as cigarette filters and paper. In addition, Taiwan Hon Chuan sells packaging equipment used to produce caps, bottles, labels, and fill bottles.

Taiwan Hon Chuan Enterprise Co Headlines

No Headlines