Winbond Electronics (TPE:2344) Receivables Turnover : 1.90 (As of Mar. 2024)

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What is Winbond Electronics 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. Winbond Electronics's Revenue for the three months ended in Mar. 2024 was NT$20,121 Mil. Winbond Electronics's average Accounts Receivable for the three months ended in Mar. 2024 was NT$10,585 Mil. Hence, Winbond Electronics's Receivables Turnover for the three months ended in Mar. 2024 was 1.90.

Winbond Electronics Receivables Turnover Historical Data

The historical data trend for Winbond Electronics'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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Winbond Electronics Receivables Turnover Chart

Winbond Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.71

7.63

9.08

8.58

7.63

Winbond Electronics 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															1.80	1.87	1.84	1.87	1.90

Competitive Comparison of Winbond Electronics's Receivables Turnover

For the Semiconductors subindustry, Winbond Electronics'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.

Winbond Electronics's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Winbond Electronics's Receivables Turnover distribution charts can be found below:

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

Winbond Electronics Receivables Turnover Calculation

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

Winbond Electronics'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 )
=	75006.078	/ (	(9873.405	+	9783.527)	/	2 )
=	75006.078	/	9828.466
=	7.63

Winbond Electronics'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 )
=	20121.351	/ (	(9783.527	+	11386.817)	/	2 )
=	20121.351	/	10585.172
=	1.90

Winbond Electronics (TPE:2344) 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.

Winbond Electronics Receivables Turnover Related Terms

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Winbond Electronics (TPE:2344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Winbond Electronics Corp (TPE:2344) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Keya 1st Road, Central Science Park, Daya District, Taichung, TWN

Website

https://www.winbond.com

Winbond Electronics Corp is engaged in the design, development, manufacture, and marketing of Very Large Scale Integration integrated circuits used in a variety of microelectronic applications. The company's operating segment includes DRAM IC products; Flash Memory product and Logic IC product. It generates maximum revenue from the Flash Memory product segment. The Flash Memory product segment engages mainly in the manufacturing, selling, researching, designing and after-sales service of Flash Memory product. Geographically, it derives a majority of revenue from Asia.

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