Axman Enterprise Co (ROCO:6804) Receivables Turnover : 1.00 (As of Mar. 2024)

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What is Axman 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. Axman Enterprise Co's Revenue for the three months ended in Mar. 2024 was NT$443 Mil. Axman Enterprise Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$443 Mil. Hence, Axman Enterprise Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.00.

Axman Enterprise Co Receivables Turnover Historical Data

The historical data trend for Axman 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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Axman Enterprise Co Receivables Turnover Chart

Axman Enterprise Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.16

4.67

9.27

11.67

8.60

Axman Enterprise Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														2.33	1.95	1.43	1.47	1.00

Competitive Comparison of Axman Enterprise Co's Receivables Turnover

For the Leisure subindustry, Axman 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.

Axman Enterprise Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Axman Enterprise Co's Receivables Turnover distribution charts can be found below:

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

Axman Enterprise Co Receivables Turnover Calculation

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

Axman 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 )
=	3363.294	/ (	(356.071	+	426.335)	/	2 )
=	3363.294	/	391.203
=	8.60

Axman Enterprise Co'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 )
=	443.499	/ (	(426.335	+	458.701)	/	2 )
=	443.499	/	442.518
=	1.00

Axman Enterprise Co (ROCO:6804) 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.

Axman Enterprise Co Receivables Turnover Related Terms

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Axman Enterprise Co (ROCO:6804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Axman Enterprise Co Ltd (ROCO:6804) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Zhongshan Road, Section 3, Daqiao Village, Dacun Township, Changhua County, Changhua, TWN, 515

Website

https://zh-tw.axman.com.tw

Axman Enterprise Co Ltd is engaged in the design and manufacture of bicycles, road bikes, and mountain bikes. Also, the company manufactures and supplies carbon fiber frames.

Axman Enterprise Co (ROCO:6804) Headlines

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