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CUB Elecparts (TPE:2231) Receivables Turnover : 0.69 (As of Mar. 2024)


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What is CUB Elecparts 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. CUB Elecparts's Revenue for the three months ended in Mar. 2024 was NT$1,063 Mil. CUB Elecparts's average Accounts Receivable for the three months ended in Mar. 2024 was NT$1,546 Mil. Hence, CUB Elecparts's Receivables Turnover for the three months ended in Mar. 2024 was 0.69.


CUB Elecparts Receivables Turnover Historical Data

The historical data trend for CUB Elecparts'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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CUB Elecparts Receivables Turnover Chart

CUB Elecparts 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 3.06 2.45 2.74 2.44 2.66

CUB Elecparts 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 0.75 0.58 0.56 0.59 0.69

Competitive Comparison of CUB Elecparts's Receivables Turnover

For the Auto Parts subindustry, CUB Elecparts'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.


CUB Elecparts's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CUB Elecparts's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CUB Elecparts's Receivables Turnover falls into.



CUB Elecparts Receivables Turnover Calculation

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

CUB Elecparts'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 )
=4397.594 / ((1615.73 + 1693.378) / 2 )
=4397.594 / 1654.554
=2.66

CUB Elecparts'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 )
=1062.643 / ((1693.378 + 1397.963) / 2 )
=1062.643 / 1545.6705
=0.69

* 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.


CUB Elecparts  (TPE:2231) 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.


CUB Elecparts Receivables Turnover Related Terms

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CUB Elecparts (TPE:2231) Business Description

Traded in Other Exchanges
N/A
Address
No.6, Lane 546, Sec. 6, Zhanglu Road, Fuhsin Township, Changhua, TWN
CUB Elecparts Inc is a manufacturer of basic electrical switches. Its products are used in the original equipment manufacturer industry and the aftermarket. Its products include ignition switches, turn signal switches, headlight switches, power window switches, tire pressure monitoring systems, speed sensors, camshaft sensors, and crankshaft sensors. Its geographical segments include China, Taiwan, the United States, Germany, and other countries.

CUB Elecparts (TPE:2231) Headlines

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