Chunghwa Telecom Co (Chunghwa Telecom Co) Receivables Turnover : 2.57 (As of Dec. 2023)

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What is Chunghwa Telecom 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. Chunghwa Telecom Co's Revenue for the three months ended in Dec. 2023 was $1,964 Mil. Chunghwa Telecom Co's average Accounts Receivable for the three months ended in Dec. 2023 was $764 Mil. Hence, Chunghwa Telecom Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.57.

Chunghwa Telecom Co Receivables Turnover Historical Data

The historical data trend for Chunghwa Telecom 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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Chunghwa Telecom Co Receivables Turnover Chart

Chunghwa Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.41

8.78

9.07

8.44

8.86

Chunghwa Telecom Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.55	2.35	2.46	2.31	2.57

Competitive Comparison of Chunghwa Telecom Co's Receivables Turnover

For the Telecom Services subindustry, Chunghwa Telecom 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.

Chunghwa Telecom Co's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chunghwa Telecom Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chunghwa Telecom Co's Receivables Turnover falls into.

Chunghwa Telecom Co Receivables Turnover Calculation

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

Chunghwa Telecom 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 )
=	7087.5	/ (	(804.896	+	794.906)	/	2 )
=	7087.5	/	799.901
=	8.86

Chunghwa Telecom Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1964.047	/ (	(733.845	+	794.906)	/	2 )
=	1964.047	/	764.3755
=	2.57

Chunghwa Telecom Co (NYSE:CHT) 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.

Chunghwa Telecom Co Receivables Turnover Related Terms

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Chunghwa Telecom Co (Chunghwa Telecom Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Chunghwa Telecom Co Ltd (NYSE:CHT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

2412:Taiwan CHWD:Germany

Address

Number 21-3 Hsinyi Road, Section 1, Taipei, TWN, 100

Website

http://www.cht.com.tw

Chunghwa Telecom Co Ltd is Taiwan's largest integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company enjoys a dominant position in all three segments. It has a market share of 35% in mobile, 85% in broadband, and greater than 95% in the fixed-line segment as measured by the number of local fixed-line subscribers. Chunghwa Telecom was privatized in 2005, with the government retaining 36.3% of the firm's ordinary shares.