Himax Technologies (Himax Technologies) Receivables Turnover : 0.94 (As of Dec. 2023)

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What is Himax Technologies 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. Himax Technologies's Revenue for the three months ended in Dec. 2023 was $227.7 Mil. Himax Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was $242.2 Mil. Hence, Himax Technologies's Receivables Turnover for the three months ended in Dec. 2023 was 0.94.

Himax Technologies Receivables Turnover Historical Data

The historical data trend for Himax Technologies'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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Himax Technologies Receivables Turnover Chart

Himax Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.79

4.34

4.73

3.58

3.80

Himax Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.02	0.95	0.96	0.98	0.94

Competitive Comparison of Himax Technologies's Receivables Turnover

For the Semiconductors subindustry, Himax Technologies'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.

Himax Technologies's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Himax Technologies Receivables Turnover Calculation

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

Himax Technologies'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 )
=	945.428	/ (	(261.148	+	235.829)	/	2 )
=	945.428	/	248.4885
=	3.80

Himax Technologies's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	227.678	/ (	(248.507	+	235.829)	/	2 )
=	227.678	/	242.168
=	0.94

Himax Technologies (NAS:HIMX) 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.

Himax Technologies Receivables Turnover Related Terms

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Himax Technologies (Himax Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Himax Technologies Inc (NAS:HIMX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

0J5H:UK H6Q:Germany H6Q:Germany

Address

No. 26, Zih Lian Road, Sinshih District, Tainan, TWN, 74148

Website

https://www.himax.com.tw

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.