Texture Maker Enterprise Co (ROCO:6963) Receivables Turnover : 2.84 (As of Dec. 2023)

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What is Texture Maker Enterprise 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. Texture Maker Enterprise Co's Revenue for the six months ended in Dec. 2023 was NT$417.9 Mil. Texture Maker Enterprise Co's average Accounts Receivable for the six months ended in Dec. 2023 was NT$147.2 Mil. Hence, Texture Maker Enterprise Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.84.

Texture Maker Enterprise Co Receivables Turnover Historical Data

The historical data trend for Texture Maker Enterprise 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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Texture Maker Enterprise Co Receivables Turnover Chart

Texture Maker Enterprise Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.16

5.04

5.20

Texture Maker Enterprise Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	2.50	2.54	2.37	2.84

Competitive Comparison of Texture Maker Enterprise Co's Receivables Turnover

For the Packaged Foods subindustry, Texture Maker Enterprise 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.

Texture Maker Enterprise Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Texture Maker Enterprise Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Texture Maker Enterprise Co's Receivables Turnover falls into.

Texture Maker Enterprise Co Receivables Turnover Calculation

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

Texture Maker Enterprise 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 )
=	816.555	/ (	(177.888	+	136.274)	/	2 )
=	816.555	/	157.081
=	5.20

Texture Maker Enterprise 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	417.857	/ (	(158.032	+	136.274)	/	2 )
=	417.857	/	147.153
=	2.84

Texture Maker Enterprise Co (ROCO:6963) 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.

Texture Maker Enterprise Co Receivables Turnover Related Terms

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Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251

Website

https://www.texturemaker.com.tw

Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

Texture Maker Enterprise Co (ROCO:6963) Headlines

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