Gold Rain Enterprises (ROCO:4503) Receivables Turnover : 1.14 (As of Mar. 2024)

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What is Gold Rain Enterprises 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. Gold Rain Enterprises's Revenue for the three months ended in Mar. 2024 was NT$80.2 Mil. Gold Rain Enterprises's average Accounts Receivable for the three months ended in Mar. 2024 was NT$70.2 Mil. Hence, Gold Rain Enterprises's Receivables Turnover for the three months ended in Mar. 2024 was 1.14.

Gold Rain Enterprises Receivables Turnover Historical Data

The historical data trend for Gold Rain Enterprises'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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Gold Rain Enterprises Receivables Turnover Chart

Gold Rain Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.37

2.22

3.95

5.67

5.17

Gold Rain Enterprises 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															1.13	1.13	0.98	1.08	1.14

Competitive Comparison of Gold Rain Enterprises's Receivables Turnover

For the Business Equipment & Supplies subindustry, Gold Rain Enterprises'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.

Gold Rain Enterprises's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gold Rain Enterprises's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gold Rain Enterprises's Receivables Turnover falls into.

Gold Rain Enterprises Receivables Turnover Calculation

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

Gold Rain Enterprises'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 )
=	274.751	/ (	(36.333	+	69.862)	/	2 )
=	274.751	/	53.0975
=	5.17

Gold Rain Enterprises'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 )
=	80.248	/ (	(69.862	+	70.575)	/	2 )
=	80.248	/	70.2185
=	1.14

Gold Rain Enterprises (ROCO:4503) 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.

Gold Rain Enterprises Receivables Turnover Related Terms

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Gold Rain Enterprises (ROCO:4503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gold Rain Enterprises Corp (ROCO:4503) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Lane 411, PU-NEI Street, Yen-Ho Li, Chang Hua, TWN

Website

http://www.alona.com.tw

Gold Rain Enterprises Corp is a Taiwan based manufacturer of vending machines. It offers KIOSK information service machines comprising of digital vending machines, post machines, digital photo printers, knocking gamers, parking ticket machines, and coin meters. In addition to the research and development and manufacturing of vending machines, it provides a complete line of mechanical foundry and assembly services with complete production line tools, such as various types of molds, punching beds, laser cutting, painting, welding and assembly lines.

Gold Rain Enterprises (ROCO:4503) Headlines

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