Grand Pacific Petrochemical (TPE:1312) Receivables Turnover : 2.62 (As of Mar. 2024)

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What is Grand Pacific Petrochemical 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. Grand Pacific Petrochemical's Revenue for the three months ended in Mar. 2024 was NT$3,255 Mil. Grand Pacific Petrochemical's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,241 Mil. Hence, Grand Pacific Petrochemical's Receivables Turnover for the three months ended in Mar. 2024 was 2.62.

Grand Pacific Petrochemical Receivables Turnover Historical Data

The historical data trend for Grand Pacific Petrochemical'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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Grand Pacific Petrochemical Receivables Turnover Chart

Grand Pacific Petrochemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.77

7.76

10.43

9.87

10.67

Grand Pacific Petrochemical 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															2.48	2.49	2.75	2.57	2.62

Competitive Comparison of Grand Pacific Petrochemical's Receivables Turnover

For the Chemicals subindustry, Grand Pacific Petrochemical'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.

Grand Pacific Petrochemical's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Grand Pacific Petrochemical's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Grand Pacific Petrochemical's Receivables Turnover falls into.

Grand Pacific Petrochemical Receivables Turnover Calculation

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

Grand Pacific Petrochemical'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 )
=	15719.189	/ (	(1570.91	+	1374.202)	/	2 )
=	15719.189	/	1472.556
=	10.67

Grand Pacific Petrochemical'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 )
=	3255.223	/ (	(1374.202	+	1107.478)	/	2 )
=	3255.223	/	1240.84
=	2.62

Grand Pacific Petrochemical (TPE:1312) 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.

Grand Pacific Petrochemical Receivables Turnover Related Terms

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Grand Pacific Petrochemical (TPE:1312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grand Pacific Petrochemical Corp (TPE:1312) » Definitions » Receivables Turnover

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1312A:Taiwan

Address

No. 4, Xinggong Road, Dashe District, Kaohsiung City, TWN, 81567

Website

https://www.gppc.com.tw

Grand Pacific Petrochemical Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm makes its products from petroleum. The company sells polystyrene resins, which are used in the production of rubber and plastics, including food containers and plastic credit cards. It also sells thermoplastic resins, which are used to produce automobile interior parts, luggage, computer monitors, modems, and scanners. The company also sells styrene-acrylonitrile resins, which are used to produce battery components, disposable lighters, electric fan blades, and air conditioner parts.

Grand Pacific Petrochemical (TPE:1312) Headlines

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