United Nova Technology Co (SHSE:688469) Receivables Turnover : 2.16 (As of Mar. 2024)

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What is United Nova Technology 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. United Nova Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,353 Mil. United Nova Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥627 Mil. Hence, United Nova Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.16.

United Nova Technology Co Receivables Turnover Historical Data

The historical data trend for United Nova Technology 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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United Nova Technology Co Receivables Turnover Chart

United Nova Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.04

6.77

11.98

11.54

9.34

United Nova Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.30	2.97	3.12	3.36	2.16

Competitive Comparison of United Nova Technology Co's Receivables Turnover

For the Semiconductors subindustry, United Nova Technology 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.

United Nova Technology Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, United Nova Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where United Nova Technology Co's Receivables Turnover falls into.

United Nova Technology Co Receivables Turnover Calculation

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

United Nova Technology 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 )
=	5324.483	/ (	(589.712	+	550.295)	/	2 )
=	5324.483	/	570.0035
=	9.34

United Nova Technology 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 )
=	1352.996	/ (	(550.295	+	703.553)	/	2 )
=	1352.996	/	626.924
=	2.16

United Nova Technology Co (SHSE:688469) 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.

United Nova Technology Co Receivables Turnover Related Terms

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United Nova Technology Co (SHSE:688469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Nova Technology Co Ltd (SHSE:688469) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 Linjiang Road, Gaobu Street, Yuecheng District, Zhejiang Province, Shaoxing, CHN, 312000

Website

https://www.smecs.com

United Nova Technology Co Ltd formerly Semiconductor Manufacturing Electronics (Shaoxing) Corp provides foundry services focusing on technology solutions for power, connection and sensor signal chains. On top of wafer foundry service, SMEC also extended its foundry service to module packages in order to support semiconductor companies with a one-stop solution. SMEC provides a complete manufacturing platform to support customer mass production as well as technology development.

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