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Acelon Chemicals & Fiber (TPE:1466) Receivables Turnover : 1.84 (As of Mar. 2024)


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What is Acelon Chemicals & Fiber 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. Acelon Chemicals & Fiber's Revenue for the three months ended in Mar. 2024 was NT$594 Mil. Acelon Chemicals & Fiber's average Accounts Receivable for the three months ended in Mar. 2024 was NT$323 Mil. Hence, Acelon Chemicals & Fiber's Receivables Turnover for the three months ended in Mar. 2024 was 1.84.


Acelon Chemicals & Fiber Receivables Turnover Historical Data

The historical data trend for Acelon Chemicals & Fiber'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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Acelon Chemicals & Fiber Receivables Turnover Chart

Acelon Chemicals & Fiber Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.96 8.97 10.94 8.45 7.83

Acelon Chemicals & Fiber 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.99 2.40 2.08 2.13 1.84

Competitive Comparison of Acelon Chemicals & Fiber's Receivables Turnover

For the Textile Manufacturing subindustry, Acelon Chemicals & Fiber'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.


Acelon Chemicals & Fiber's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Acelon Chemicals & Fiber's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Acelon Chemicals & Fiber's Receivables Turnover falls into.



Acelon Chemicals & Fiber Receivables Turnover Calculation

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

Acelon Chemicals & Fiber'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 )
=2453.671 / ((307.269 + 319.595) / 2 )
=2453.671 / 313.432
=7.83

Acelon Chemicals & Fiber'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 )
=593.559 / ((319.595 + 325.555) / 2 )
=593.559 / 322.575
=1.84

* 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.


Acelon Chemicals & Fiber  (TPE:1466) 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.


Acelon Chemicals & Fiber Receivables Turnover Related Terms

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Acelon Chemicals & Fiber (TPE:1466) Business Description

Traded in Other Exchanges
N/A
Address
No.94 Fan Chin Road, Pu yan Hsiang, Chang Hua, TWN
Acelon Chemicals & Fiber Corp operates in the textile manufacturing industry. The product offered by the company includes Nylon yarn, Polyester yarn, Nylon textured yarn, Polyester textured yarn, and Others.

Acelon Chemicals & Fiber (TPE:1466) Headlines

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