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Transtech Optelecom Science Holdings (HKSE:09963) Receivables Turnover : 2.10 (As of Jun. 2023)


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What is Transtech Optelecom Science Holdings 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. Transtech Optelecom Science Holdings's Revenue for the six months ended in Jun. 2023 was HK$103.0 Mil. Transtech Optelecom Science Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was HK$49.0 Mil. Hence, Transtech Optelecom Science Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 2.10.


Transtech Optelecom Science Holdings Receivables Turnover Historical Data

The historical data trend for Transtech Optelecom Science Holdings'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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Transtech Optelecom Science Holdings Receivables Turnover Chart

Transtech Optelecom Science Holdings 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 1.44 0.88 0.62 1.96 3.58

Transtech Optelecom Science Holdings Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.29 0.59 1.16 2.10 1.66

Competitive Comparison of Transtech Optelecom Science Holdings's Receivables Turnover

For the Communication Equipment subindustry, Transtech Optelecom Science Holdings'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.


Transtech Optelecom Science Holdings's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Transtech Optelecom Science Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Transtech Optelecom Science Holdings's Receivables Turnover falls into.



Transtech Optelecom Science Holdings Receivables Turnover Calculation

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

Transtech Optelecom Science Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=232.753 / ((182.598 + 54.744) / 2 )
=232.753 / 118.671
=1.96

Transtech Optelecom Science Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=102.956 / ((54.744 + 43.176) / 2 )
=102.956 / 48.96
=2.10

* 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.


Transtech Optelecom Science Holdings  (HKSE:09963) 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.


Transtech Optelecom Science Holdings Receivables Turnover Related Terms

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Transtech Optelecom Science Holdings (HKSE:09963) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Dai Kwai Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG
Transtech Optelecom Science Holdings Ltd is a part of the telecommunication industry. The company has two segments namely Optical fibre cables, optical cable cores and other related products, which is located in Thailand; and Optical fibres, which is located in Hong Kong. Majority of the revenue is earned from Thailand.

Transtech Optelecom Science Holdings (HKSE:09963) Headlines

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