Union Semiconductor (Hefei) Co (SHSE:688403) Receivables Turnover : 1.46 (As of Mar. 2024)

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What is Union Semiconductor (Hefei) 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. Union Semiconductor (Hefei) Co's Revenue for the three months ended in Mar. 2024 was ¥315 Mil. Union Semiconductor (Hefei) Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥217 Mil. Hence, Union Semiconductor (Hefei) Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.

Union Semiconductor (Hefei) Co Receivables Turnover Historical Data

The historical data trend for Union Semiconductor (Hefei) 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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Union Semiconductor (Hefei) Co Receivables Turnover Chart

Union Semiconductor (Hefei) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.71

5.10

4.82

6.62

7.28

Union Semiconductor (Hefei) Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.96	1.81	1.56	1.52	1.46

Competitive Comparison of Union Semiconductor (Hefei) Co's Receivables Turnover

For the Semiconductors subindustry, Union Semiconductor (Hefei) 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.

Union Semiconductor (Hefei) Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Union Semiconductor (Hefei) Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Union Semiconductor (Hefei) Co's Receivables Turnover falls into.

Union Semiconductor (Hefei) Co Receivables Turnover Calculation

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

Union Semiconductor (Hefei) 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 )
=	1238.293	/ (	(108.92	+	231.246)	/	2 )
=	1238.293	/	170.083
=	7.28

Union Semiconductor (Hefei) 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 )
=	315.302	/ (	(231.246	+	201.827)	/	2 )
=	315.302	/	216.5365
=	1.46

Union Semiconductor (Hefei) Co (SHSE:688403) 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.

Union Semiconductor (Hefei) Co Receivables Turnover Related Terms

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Union Semiconductor (Hefei) Co (SHSE:688403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Union Semiconductor (Hefei) Co Ltd (SHSE:688403) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Hefei Comprehensive Bonded Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230012

Website

http://www.unionsemicon.com.cn

Union Semiconductor (Hefei) Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It focuses on the field of display driver chips. The company's main business is the front-end gold bumping manufacturing as the core and integrates wafer testing, back-end chip-on-glass, and chip-on-film links to form a full range of display driver chips.

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