Accton Technology (TPE:2345) Receivables Turnover : 1.68 (As of Mar. 2024)

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What is Accton Technology 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. Accton Technology's Revenue for the three months ended in Mar. 2024 was NT$18,848 Mil. Accton Technology's average Accounts Receivable for the three months ended in Mar. 2024 was NT$11,210 Mil. Hence, Accton Technology's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.

Accton Technology Receivables Turnover Historical Data

The historical data trend for Accton Technology'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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Accton Technology Receivables Turnover Chart

Accton Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.41

6.89

6.22

6.58

6.94

Accton Technology 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															1.58	1.69	1.83	1.87	1.68

Competitive Comparison of Accton Technology's Receivables Turnover

For the Communication Equipment subindustry, Accton Technology'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.

Accton Technology's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Accton Technology's Receivables Turnover distribution charts can be found below:

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

Accton Technology Receivables Turnover Calculation

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

Accton Technology'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 )
=	84188.426	/ (	(13139.348	+	11119.116)	/	2 )
=	84188.426	/	12129.232
=	6.94

Accton Technology'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 )
=	18847.712	/ (	(11119.116	+	11301.006)	/	2 )
=	18847.712	/	11210.061
=	1.68

Accton Technology (TPE:2345) 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.

Accton Technology Receivables Turnover Related Terms

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Accton Technology (TPE:2345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Accton Technology Corp (TPE:2345) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Creation 3rd Road, Hsinchu Science Park, East District, Hsinchu, TWN, 30077

Website

https://www.accton.com

Accton Technology Corp develops, manufactures and sells innovative high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company is Switch, Network Application, Metro Access Switch, Other and Wireless. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Taiwan, the rest of Asia, Europe, and other regions.

Accton Technology (TPE:2345) Headlines

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