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Chung Hwa Chemical Industrial Works (TPE:1727) Receivables Turnover : 1.16 (As of Mar. 2024)


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What is Chung Hwa Chemical Industrial Works 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. Chung Hwa Chemical Industrial Works's Revenue for the three months ended in Mar. 2024 was NT$456 Mil. Chung Hwa Chemical Industrial Works's average Accounts Receivable for the three months ended in Mar. 2024 was NT$393 Mil. Hence, Chung Hwa Chemical Industrial Works's Receivables Turnover for the three months ended in Mar. 2024 was 1.16.


Chung Hwa Chemical Industrial Works Receivables Turnover Historical Data

The historical data trend for Chung Hwa Chemical Industrial Works'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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Chung Hwa Chemical Industrial Works Receivables Turnover Chart

Chung Hwa Chemical Industrial Works 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 4.91 4.32 4.54 4.87 4.31

Chung Hwa Chemical Industrial Works 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 1.11 1.13 1.14 1.11 1.16

Competitive Comparison of Chung Hwa Chemical Industrial Works's Receivables Turnover

For the Chemicals subindustry, Chung Hwa Chemical Industrial Works'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.


Chung Hwa Chemical Industrial Works's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chung Hwa Chemical Industrial Works's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chung Hwa Chemical Industrial Works's Receivables Turnover falls into.



Chung Hwa Chemical Industrial Works Receivables Turnover Calculation

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

Chung Hwa Chemical Industrial Works'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 )
=1723.975 / ((422.759 + 376.314) / 2 )
=1723.975 / 399.5365
=4.31

Chung Hwa Chemical Industrial Works'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 )
=456.306 / ((376.314 + 410.266) / 2 )
=456.306 / 393.29
=1.16

* 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.


Chung Hwa Chemical Industrial Works  (TPE:1727) 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.


Chung Hwa Chemical Industrial Works Receivables Turnover Related Terms

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Chung Hwa Chemical Industrial Works (TPE:1727) Business Description

Traded in Other Exchanges
N/A
Address
No. 15 Industrial Road, Guanyin District, Taoyuan, TWN
Chung Hwa Chemical Industrial Works Ltd operates as a chemical manufacturer. The products categories offered by the company include basic chemicals, special chemical products, biomass chemicals, alkali, sulfonated monomers, thermal paper material, and surfactant surface active agents.

Chung Hwa Chemical Industrial Works (TPE:1727) Headlines

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