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Tittot Co (ROCO:9949) Receivables Turnover : 2.04 (As of Mar. 2024)


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What is Tittot 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. Tittot Co's Revenue for the three months ended in Mar. 2024 was NT$42.7 Mil. Tittot Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$20.9 Mil. Hence, Tittot Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.04.


Tittot Co Receivables Turnover Historical Data

The historical data trend for Tittot 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.

* Premium members only.

Tittot Co Receivables Turnover Chart

Tittot Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.85 6.19 7.74 6.46 5.87

Tittot 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.59 2.39 2.03 2.98 2.04

Competitive Comparison of Tittot Co's Receivables Turnover

For the Household & Personal Products subindustry, Tittot 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.


Tittot Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tittot Co's Receivables Turnover distribution charts can be found below:

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



Tittot Co Receivables Turnover Calculation

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

Tittot 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 )
=177.544 / ((34.512 + 26.002) / 2 )
=177.544 / 30.257
=5.87

Tittot 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 )
=42.747 / ((26.002 + 15.859) / 2 )
=42.747 / 20.9305
=2.04

* 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.


Tittot Co  (ROCO:9949) 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.


Tittot Co Receivables Turnover Related Terms

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Tittot Co (ROCO:9949) Business Description

Traded in Other Exchanges
N/A
Address
No.80, Sec. 1, Chenggong Road, Yonghe District, New Taipei City, TWN, 23452
Tittot Co Ltd is engaged in the design, processing and manufacturing of crystal glass, plaster, wax and other arts and crafts, as well as books, Trading business of video tapes, art exhibition industry and exhibition service industry, etc.

Tittot Co (ROCO:9949) Headlines

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