Syncmold Enterprise (TPE:1582) Receivables Turnover : 0.93 (As of Mar. 2024)

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What is Syncmold Enterprise 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. Syncmold Enterprise's Revenue for the three months ended in Mar. 2024 was NT$2,147 Mil. Syncmold Enterprise's average Accounts Receivable for the three months ended in Mar. 2024 was NT$2,296 Mil. Hence, Syncmold Enterprise's Receivables Turnover for the three months ended in Mar. 2024 was 0.93.

Syncmold Enterprise Receivables Turnover Historical Data

The historical data trend for Syncmold Enterprise'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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Syncmold Enterprise Receivables Turnover Chart

Syncmold Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.80

2.88

2.90

3.64

4.03

Syncmold Enterprise 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															0.95	1.05	1.01	0.88	0.93

Competitive Comparison of Syncmold Enterprise's Receivables Turnover

For the Electronic Components subindustry, Syncmold Enterprise'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.

Syncmold Enterprise's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syncmold Enterprise's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Syncmold Enterprise's Receivables Turnover falls into.

Syncmold Enterprise Receivables Turnover Calculation

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

Syncmold Enterprise'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 )
=	8769.537	/ (	(1969.799	+	2381.274)	/	2 )
=	8769.537	/	2175.5365
=	4.03

Syncmold Enterprise'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 )
=	2146.507	/ (	(2381.274	+	2211.66)	/	2 )
=	2146.507	/	2296.467
=	0.93

Syncmold Enterprise (TPE:1582) 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.

Syncmold Enterprise Receivables Turnover Related Terms

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Syncmold Enterprise (TPE:1582) Business Description

Industry

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Address

No. 168, Jiankang Road, 9th Floor, Zhonghe District, New Taipei City, TWN, 235

Website

https://www.syncmold.com.tw

Syncmold Enterprise Corp is a Taiwan-based company engaged in the processing, manufacturing, trading, technology licensing and related import and export business of various metal molds, plastic molds and electronic parts. stands for LCD monitors, LCD TVs, appliances, office machines, components of medical devices, and many other electronic products. The company's customers comprise both original design manufacturers, such as Foxconn, and branded manufacturers like Dell and Philips. The company also designs and manufactures molding products. It generates almost all its revenue from markets outside of Taiwan, with mainland China contributing to majority of its revenue.

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