YoungQin International Co (ROCO:2755) Receivables Turnover : 9.57 (As of Mar. 2024)

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What is YoungQin International 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. YoungQin International Co's Revenue for the three months ended in Mar. 2024 was NT$567 Mil. YoungQin International Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$59 Mil. Hence, YoungQin International Co's Receivables Turnover for the three months ended in Mar. 2024 was 9.57.

YoungQin International Co Receivables Turnover Historical Data

The historical data trend for YoungQin International 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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YoungQin International Co Receivables Turnover Chart

YoungQin International Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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156.83

116.02

83.51

56.49

50.50

YoungQin International Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															13.12	11.63	12.25	11.47	9.57

Competitive Comparison of YoungQin International Co's Receivables Turnover

For the Restaurants subindustry, YoungQin International 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.

YoungQin International Co's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, YoungQin International Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where YoungQin International Co's Receivables Turnover falls into.

YoungQin International Co Receivables Turnover Calculation

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

YoungQin International Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1884.077	/ (	(33.894	+	40.717)	/	2 )
=	1884.077	/	37.3055
=	50.50

YoungQin International 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	567.063	/ (	(54.022	+	64.484)	/	2 )
=	567.063	/	59.253
=	9.57

YoungQin International Co (ROCO:2755) 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.

YoungQin International Co Receivables Turnover Related Terms

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YoungQin International Co (ROCO:2755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » YoungQin International Co Ltd (ROCO:2755) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Number 16 Hejiang Road, Zhongli District, Taoyuan, TWN, 320

Website

https://www.superqin.com.tw

YoungQin International Co Ltd is a Taiwan based company providing restaurant and bakery business. The Group is mainly engaged in the franchising of chain restaurants and the sales of related products.

YoungQin International Co (ROCO:2755) Headlines

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