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Ace Edulink Co (ROCO:6764) Receivables Turnover : 74.54 (As of Dec. 2023)


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What is Ace Edulink 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. Ace Edulink Co's Revenue for the six months ended in Dec. 2023 was NT$583 Mil. Ace Edulink Co's average Accounts Receivable for the six months ended in Dec. 2023 was NT$8 Mil. Hence, Ace Edulink Co's Receivables Turnover for the six months ended in Dec. 2023 was 74.54.


Ace Edulink Co Receivables Turnover Historical Data

The historical data trend for Ace Edulink 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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Ace Edulink Co Receivables Turnover Chart

Ace Edulink Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 561.84 262.59 188.61 167.34 162.08

Ace Edulink Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.48 72.09 75.56 74.36 74.54

Competitive Comparison of Ace Edulink Co's Receivables Turnover

For the Education & Training Services subindustry, Ace Edulink 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.


Ace Edulink Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Ace Edulink Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ace Edulink Co's Receivables Turnover falls into.



Ace Edulink Co Receivables Turnover Calculation

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

Ace Edulink 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 )
=1138.198 / ((6.678 + 7.367) / 2 )
=1138.198 / 7.0225
=162.08

Ace Edulink 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 )
=582.601 / ((8.265 + 7.367) / 2 )
=582.601 / 7.816
=74.54

* 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.


Ace Edulink Co  (ROCO:6764) 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.


Ace Edulink Co Receivables Turnover Related Terms

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Ace Edulink Co (ROCO:6764) Business Description

Traded in Other Exchanges
N/A
Address
Lane 609, Section 5, Re-Route, 10th Floor, No. 4, Sanchong District, New Taipei, TWN
Ace Edulink Co Ltd offers educational services. It provides physical tutoring, scientific assessment system, teaching resource sharing platform, and administrative management system.

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