Solar Applied Materials Technology (ROCO:1785) Receivables Turnover : 3.22 (As of Mar. 2024)

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What is Solar Applied Materials Technology 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. Solar Applied Materials Technology's Revenue for the three months ended in Mar. 2024 was NT$6,313 Mil. Solar Applied Materials Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,960 Mil. Hence, Solar Applied Materials Technology's Receivables Turnover for the three months ended in Mar. 2024 was 3.22.

Solar Applied Materials Technology Receivables Turnover Historical Data

The historical data trend for Solar Applied Materials Technology'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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Solar Applied Materials Technology Receivables Turnover Chart

Solar Applied Materials Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

15.14

16.26

16.77

14.18

13.14

Solar Applied Materials Technology 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															2.77	3.14	3.34	3.44	3.22

Competitive Comparison of Solar Applied Materials Technology's Receivables Turnover

For the Metal Fabrication subindustry, Solar Applied Materials Technology'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.

Solar Applied Materials Technology's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solar Applied Materials Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Solar Applied Materials Technology's Receivables Turnover falls into.

Solar Applied Materials Technology Receivables Turnover Calculation

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

Solar Applied Materials Technology'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 )
=	22629.192	/ (	(1651.305	+	1793.116)	/	2 )
=	22629.192	/	1722.2105
=	13.14

Solar Applied Materials Technology'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 )
=	6313.036	/ (	(1793.116	+	2126.967)	/	2 )
=	6313.036	/	1960.0415
=	3.22

Solar Applied Materials Technology (ROCO:1785) 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.

Solar Applied Materials Technology Receivables Turnover Related Terms

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Solar Applied Materials Technology (ROCO:1785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solar Applied Materials Technology Corp (ROCO:1785) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Gongye 3rd Road, Annan District, Tainan, TWN, 70955

Website

https://www.solartech.com.tw

Solar Applied Materials Technology Corp is an optical data storage thin-film manufacturer. It is engaged in precious metal and rare material refining, special forming, and processing. The company offers key materials and integrated service models to customers for application in optoelectronics, information, petrochemicals, and consumer electronics industries. The products of the firm are classified into four categories, namely precious chemicals, and materials; special chemicals; resources recycling; and targets for thin film application. The group operates In Taiwan and internationally.

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