Yang Ming Marine Transport (TPE:2609) Receivables Turnover : 4.55 (As of Dec. 2023)

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What is Yang Ming Marine Transport 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. Yang Ming Marine Transport's Revenue for the three months ended in Dec. 2023 was NT$32,723 Mil. Yang Ming Marine Transport's average Accounts Receivable for the three months ended in Dec. 2023 was NT$7,188 Mil. Hence, Yang Ming Marine Transport's Receivables Turnover for the three months ended in Dec. 2023 was 4.55.

Yang Ming Marine Transport Receivables Turnover Historical Data

The historical data trend for Yang Ming Marine Transport'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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Yang Ming Marine Transport Receivables Turnover Chart

Yang Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.07

14.21

20.08

23.00

16.54

Yang Ming Marine Transport 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															3.63	3.90	4.04	4.22	4.55

Competitive Comparison of Yang Ming Marine Transport's Receivables Turnover

For the Marine Shipping subindustry, Yang Ming Marine Transport'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.

Yang Ming Marine Transport's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yang Ming Marine Transport's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yang Ming Marine Transport's Receivables Turnover falls into.

Yang Ming Marine Transport Receivables Turnover Calculation

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

Yang Ming Marine Transport'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 )
=	140623.713	/ (	(10638.133	+	6364.945)	/	2 )
=	140623.713	/	8501.539
=	16.54

Yang Ming Marine Transport'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 )
=	32722.789	/ (	(8010.892	+	6364.945)	/	2 )
=	32722.789	/	7187.9185
=	4.55

Yang Ming Marine Transport (TPE:2609) 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.

Yang Ming Marine Transport Receivables Turnover Related Terms

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Yang Ming Marine Transport (TPE:2609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yang Ming Marine Transport Corp (TPE:2609) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 271, Ming De 1st Road, Qidu District, Keelung, TWN, 206

Website

https://www.yangming.com

Yang Ming Marine Transport Corp is a transportation and logistics company that is headquartered in Taiwan and operates in the container shipping industry. The company has three segments: containership, bulk shipping, and others. It generates revenue from contracts with customers for providing domestic and overseas marine container shipping and passenger services. The company also earns revenue from operating leases on ships, containers, and warehouses. It earns the largest portion of its sales from customers in America, followed by Europe and Asia.

Yang Ming Marine Transport (TPE:2609) Headlines

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