Nan Ya Plastics (TPE:1303) Receivables Turnover : 1.67 (As of Dec. 2023)

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What is Nan Ya Plastics 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. Nan Ya Plastics's Revenue for the three months ended in Dec. 2023 was NT$62,992 Mil. Nan Ya Plastics's average Accounts Receivable for the three months ended in Dec. 2023 was NT$37,711 Mil. Hence, Nan Ya Plastics's Receivables Turnover for the three months ended in Dec. 2023 was 1.67.

Nan Ya Plastics Receivables Turnover Historical Data

The historical data trend for Nan Ya Plastics'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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Nan Ya Plastics Receivables Turnover Chart

Nan Ya Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

7.14

6.53

8.12

6.88

6.33

Nan Ya Plastics 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															1.58	1.51	1.66	1.75	1.67

Competitive Comparison of Nan Ya Plastics's Receivables Turnover

For the Specialty Chemicals subindustry, Nan Ya Plastics'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.

Nan Ya Plastics's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nan Ya Plastics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nan Ya Plastics's Receivables Turnover falls into.

Nan Ya Plastics Receivables Turnover Calculation

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

Nan Ya Plastics'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 )
=	259755.344	/ (	(47079.387	+	34942.864)	/	2 )
=	259755.344	/	41011.1255
=	6.33

Nan Ya Plastics'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 )
=	62991.958	/ (	(40478.632	+	34942.864)	/	2 )
=	62991.958	/	37710.748
=	1.67

Nan Ya Plastics (TPE:1303) 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.

Nan Ya Plastics Receivables Turnover Related Terms

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Nan Ya Plastics (TPE:1303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nan Ya Plastics Corp (TPE:1303) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

101, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814

Website

https://www.npc.com.tw

Nan Ya Plastics Corp manufactures and sells a variety of polyester and electronic products. The company's segments include plastic products, plastic material, electronic material, and fiber products. Its plastic product segments include the manufacture and sale of plastic processing products including flexible polyvinyl chloride (PVC) sheets. The plastic material segment is engaged in the manufacture and sale of plastic petrochemical raw materials such as ethylene glycol. The electronic materials segment is engaged in the manufacture and sale of copper clad laminate. The fiber products segment engages in the production and sale of polyester products. The company operates in Taiwan, China, Hong Kong, and others.

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