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Century Iron And Steel Industrial Co (TPE:9958) Receivables Turnover : 2.66 (As of Mar. 2024)


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What is Century Iron And Steel Industrial 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. Century Iron And Steel Industrial Co's Revenue for the three months ended in Mar. 2024 was NT$3,149 Mil. Century Iron And Steel Industrial Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,185 Mil. Hence, Century Iron And Steel Industrial Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.66.


Century Iron And Steel Industrial Co Receivables Turnover Historical Data

The historical data trend for Century Iron And Steel Industrial 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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Century Iron And Steel Industrial Co Receivables Turnover Chart

Century Iron And Steel Industrial Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.08 7.46 12.88 15.79 15.21

Century Iron And Steel Industrial Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.88 3.99 3.34 3.88 2.66

Competitive Comparison of Century Iron And Steel Industrial Co's Receivables Turnover

For the Metal Fabrication subindustry, Century Iron And Steel Industrial 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.


Century Iron And Steel Industrial Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Century Iron And Steel Industrial Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Century Iron And Steel Industrial Co's Receivables Turnover falls into.



Century Iron And Steel Industrial Co Receivables Turnover Calculation

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

Century Iron And Steel Industrial 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 )
=14515.598 / ((503.967 + 1404.946) / 2 )
=14515.598 / 954.4565
=15.21

Century Iron And Steel Industrial 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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3148.958 / ((1404.946 + 965.711) / 2 )
=3148.958 / 1185.3285
=2.66

* 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.


Century Iron And Steel Industrial Co  (TPE:9958) 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.


Century Iron And Steel Industrial Co Receivables Turnover Related Terms

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Century Iron And Steel Industrial Co (TPE:9958) Business Description

Traded in Other Exchanges
N/A
Address
No.1119, Section1, Zhongshan Road, Guanyin District, Taoyuan, TWN, 328
Century Iron And Steel Industrial Co Ltd operates in the Steel industry. The company is engaged in the processing, manufacturing, and trading of steel frame & iron bone and its related installation services. It also manufactures steel structures for buildings and bridges. The majority of its revenue comes from Construction materials.

Century Iron And Steel Industrial Co (TPE:9958) Headlines

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