ASE Technology Holding Co (TPE:3711) Receivables Turnover : 1.35 (As of Mar. 2024)

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What is ASE Technology Holding Co 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. ASE Technology Holding Co's Revenue for the three months ended in Mar. 2024 was NT$132,803 Mil. ASE Technology Holding Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$98,397 Mil. Hence, ASE Technology Holding Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.35.

ASE Technology Holding Co Receivables Turnover Historical Data

The historical data trend for ASE Technology Holding Co'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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ASE Technology Holding Co Receivables Turnover Chart

ASE Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.22

5.59

5.50

5.83

5.43

ASE Technology Holding Co 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															1.27	1.43	1.45	1.50	1.35

Competitive Comparison of ASE Technology Holding Co's Receivables Turnover

For the Semiconductors subindustry, ASE Technology Holding Co'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.

ASE Technology Holding Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ASE Technology Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ASE Technology Holding Co's Receivables Turnover falls into.

ASE Technology Holding Co Receivables Turnover Calculation

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

ASE Technology Holding Co'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 )
=	581914.471	/ (	(114646.999	+	99529.1)	/	2 )
=	581914.471	/	107088.0495
=	5.43

ASE Technology Holding Co'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 )
=	132803	/ (	(99529.1	+	97264)	/	2 )
=	132803	/	98396.55
=	1.35

ASE Technology Holding Co (TPE:3711) 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.

ASE Technology Holding Co Receivables Turnover Related Terms

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ASE Technology Holding Co (TPE:3711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASE Technology Holding Co Ltd (TPE:3711) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ASX:USA 2DQ:Germany

Address

No. 26, Chin Third Road, Nanzih District, Kaohsiung, TWN, 811

Website

https://www.aseglobal.com

ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

ASE Technology Holding Co (TPE:3711) Headlines

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