Ttet Union (TPE:1232) Receivables Turnover : 5.30 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Ttet Union 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. Ttet Union's Revenue for the three months ended in Mar. 2024 was NT$5,626 Mil. Ttet Union's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,062 Mil. Hence, Ttet Union's Receivables Turnover for the three months ended in Mar. 2024 was 5.30.

Ttet Union Receivables Turnover Historical Data

The historical data trend for Ttet Union'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.

Ttet Union Receivables Turnover Chart

Ttet Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

20.36

19.97

22.64

23.24

20.33

Ttet Union 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															5.66	5.69	5.55	5.34	5.30

Competitive Comparison of Ttet Union's Receivables Turnover

For the Packaged Foods subindustry, Ttet Union'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.

Ttet Union's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ttet Union's Receivables Turnover falls into.

Ttet Union Receivables Turnover Calculation

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

Ttet Union'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 )
=	23560.347	/ (	(1214.456	+	1103.881)	/	2 )
=	23560.347	/	1159.1685
=	20.33

Ttet Union'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 )
=	5626.346	/ (	(1103.881	+	1019.637)	/	2 )
=	5626.346	/	1061.759
=	5.30

Ttet Union (TPE:1232) 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.

Ttet Union Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Ttet Union's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ttet Union (TPE:1232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ttet Union Corp (TPE:1232) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048

Website

https://www.ttet.com.tw

Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

Ttet Union (TPE:1232) Headlines

No Headlines