FENG HSIN STEEL CO (TPE:2015) Receivables Turnover : 4.11 (As of Mar. 2024)

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What is FENG HSIN STEEL 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. FENG HSIN STEEL CO's Revenue for the three months ended in Mar. 2024 was NT$8,497 Mil. FENG HSIN STEEL CO's average Accounts Receivable for the three months ended in Mar. 2024 was NT$2,067 Mil. Hence, FENG HSIN STEEL CO's Receivables Turnover for the three months ended in Mar. 2024 was 4.11.

FENG HSIN STEEL CO Receivables Turnover Historical Data

The historical data trend for FENG HSIN STEEL 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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FENG HSIN STEEL CO Receivables Turnover Chart

FENG HSIN STEEL CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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18.56

18.14

22.62

19.61

17.57

FENG HSIN STEEL 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															4.22	4.48	4.31	4.79	4.11

Competitive Comparison of FENG HSIN STEEL CO's Receivables Turnover

For the Steel subindustry, FENG HSIN STEEL 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.

FENG HSIN STEEL CO's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, FENG HSIN STEEL CO's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where FENG HSIN STEEL CO's Receivables Turnover falls into.

FENG HSIN STEEL CO Receivables Turnover Calculation

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

FENG HSIN STEEL 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 )
=	34882.023	/ (	(2023.914	+	1947.572)	/	2 )
=	34882.023	/	1985.743
=	17.57

FENG HSIN STEEL 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 )
=	8496.906	/ (	(1947.572	+	2186.634)	/	2 )
=	8496.906	/	2067.103
=	4.11

FENG HSIN STEEL CO (TPE:2015) 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.

FENG HSIN STEEL CO Receivables Turnover Related Terms

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FENG HSIN STEEL CO (TPE:2015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » FENG HSIN STEEL CO LTD (TPE:2015) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421

Website

https://www.fenghsin.com.tw

FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

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