YFY (TPE:1907) Receivables Turnover : 1.53 (As of Mar. 2024)

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What is YFY 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. YFY's Revenue for the three months ended in Mar. 2024 was NT$17,922 Mil. YFY's average Accounts Receivable for the three months ended in Mar. 2024 was NT$11,699 Mil. Hence, YFY's Receivables Turnover for the three months ended in Mar. 2024 was 1.53.

YFY Receivables Turnover Historical Data

The historical data trend for YFY'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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YFY Receivables Turnover Chart

YFY Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.38

6.21

6.80

6.28

6.17

YFY 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															1.48	1.60	1.62	1.68	1.53

Competitive Comparison of YFY's Receivables Turnover

For the Paper & Paper Products subindustry, YFY'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.

YFY's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, YFY's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where YFY's Receivables Turnover falls into.

YFY Receivables Turnover Calculation

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

YFY'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 )
=	73867.374	/ (	(12184.354	+	11768.882)	/	2 )
=	73867.374	/	11976.618
=	6.17

YFY'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 )
=	17922.149	/ (	(11768.882	+	11629.59)	/	2 )
=	17922.149	/	11699.236
=	1.53

YFY (TPE:1907) 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.

YFY Receivables Turnover Related Terms

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YFY (TPE:1907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » YFY Inc (TPE:1907) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 51, Section 2, Chongqing South Road, Taipei, TWN, 10075

Website

https://www.yfy.com

YFY Inc is a Taiwan-based investment holding business that operates in Taiwan and China. Its business activities are investments in other companies. The main business segments of YFY's subsidiaries are engaged in the manufacture and sale of paper and paper-related products and the design, manufacture and sale of equipment. It has major three major business areas of cultural paper, industrial paper, and household paper. It has a complete industrial chain in the upstream (forestry, pulp), midstream (papermaking) and downstream (printing, packaging, design), and implements forestry, pulp, paper, design.

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