Parade Technologies (ROCO:4966) Receivables Turnover : 2.41 (As of Mar. 2024)

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What is Parade Technologies 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. Parade Technologies's Revenue for the three months ended in Mar. 2024 was NT$3,814 Mil. Parade Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,586 Mil. Hence, Parade Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.41.

Parade Technologies Receivables Turnover Historical Data

The historical data trend for Parade Technologies'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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Parade Technologies Receivables Turnover Chart

Parade Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.05

11.01

13.45

16.30

10.10

Parade Technologies 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															2.41	2.02	2.13	2.23	2.41

Competitive Comparison of Parade Technologies's Receivables Turnover

For the Semiconductors subindustry, Parade Technologies'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.

Parade Technologies's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Parade Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Parade Technologies's Receivables Turnover falls into.

Parade Technologies Receivables Turnover Calculation

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

Parade Technologies'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 )
=	13769.072	/ (	(1065.863	+	1661.511)	/	2 )
=	13769.072	/	1363.687
=	10.10

Parade Technologies'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 )
=	3814.192	/ (	(1661.511	+	1509.969)	/	2 )
=	3814.192	/	1585.74
=	2.41

Parade Technologies (ROCO:4966) 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.

Parade Technologies Receivables Turnover Related Terms

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Parade Technologies (ROCO:4966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Parade Technologies Ltd (ROCO:4966) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 335, Ruiguang Road, 14th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.paradetech.com

Parade Technologies Ltd supplies mixed-signal integrated circuits for a variety of display and high-speed interface standards used in computers, consumer electronics, and display panels. The company's host of products serve customers with needs for display, storage, and interface applications. As a fabless semiconductor company, Parade manufactures and designs its integrated circuits, but outsources the fabrication of silicon wafers for semiconductors. The company has branch offices and subsidiaries dedicated to designing, engineering, support, and logistical services in Asian countries, but services a global customer base.

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