Hold-Key Electric Wire & Cable Co (TPE:1618) Receivables Turnover : 1.29 (As of Mar. 2024)

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What is Hold-Key Electric Wire & Cable 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. Hold-Key Electric Wire & Cable Co's Revenue for the three months ended in Mar. 2024 was NT$992 Mil. Hold-Key Electric Wire & Cable Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$769 Mil. Hence, Hold-Key Electric Wire & Cable Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.29.

Hold-Key Electric Wire & Cable Co Receivables Turnover Historical Data

The historical data trend for Hold-Key Electric Wire & Cable 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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Hold-Key Electric Wire & Cable Co Receivables Turnover Chart

Hold-Key Electric Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.36

7.13

9.45

7.50

6.52

Hold-Key Electric Wire & Cable 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															1.59	1.85	2.82	1.83	1.29

Competitive Comparison of Hold-Key Electric Wire & Cable Co's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Hold-Key Electric Wire & Cable 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.

Hold-Key Electric Wire & Cable Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hold-Key Electric Wire & Cable Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hold-Key Electric Wire & Cable Co's Receivables Turnover falls into.

Hold-Key Electric Wire & Cable Co Receivables Turnover Calculation

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

Hold-Key Electric Wire & Cable 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 )
=	4482.667	/ (	(460.694	+	914.333)	/	2 )
=	4482.667	/	687.5135
=	6.52

Hold-Key Electric Wire & Cable 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 )
=	992.481	/ (	(914.333	+	624.208)	/	2 )
=	992.481	/	769.2705
=	1.29

Hold-Key Electric Wire & Cable Co (TPE:1618) 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.

Hold-Key Electric Wire & Cable Co Receivables Turnover Related Terms

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Hold-Key Electric Wire & Cable Co (TPE:1618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hold-Key Electric Wire & Cable Co Ltd (TPE:1618) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Fuxing South Road, 3rd Floor, No. 36-9, Section 1, Zhongshan District, Taipei City, TWN, 104

Website

https://www.hold-key.com.tw

Hold-Key Electric Wire & Cable Co Ltd is engaged in the manufacture and sells XLPE power cables, electric cables, aluminum cables, rubber cables, communication cables, fiber optic cables, LAN cables, cable accessories, etc., and is also engaged in the import and export of the aforementioned products and lease of properties. The company has two operating segments; the Wires and Cables Segment, and the Others Segment. The Group mainly operates in Taiwan, Europe, USA, and Asia. it derives a majority of its revenue from Taiwan.

Hold-Key Electric Wire & Cable Co (TPE:1618) Headlines

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