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Tronox Pigmentos do Brasil (BSP:CRPG6) Receivables Turnover : 1.23 (As of Dec. 2023)


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What is Tronox Pigmentos do Brasil 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. Tronox Pigmentos do Brasil's Revenue for the three months ended in Dec. 2023 was R$133.2 Mil. Tronox Pigmentos do Brasil's average Accounts Receivable for the three months ended in Dec. 2023 was R$108.4 Mil. Hence, Tronox Pigmentos do Brasil's Receivables Turnover for the three months ended in Dec. 2023 was 1.23.


Tronox Pigmentos do Brasil Receivables Turnover Historical Data

The historical data trend for Tronox Pigmentos do Brasil'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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Tronox Pigmentos do Brasil Receivables Turnover Chart

Tronox Pigmentos do Brasil 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 8.45 10.03 7.13 6.94 9.06

Tronox Pigmentos do Brasil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.30 1.87 0.94 0.82 1.23

Competitive Comparison of Tronox Pigmentos do Brasil's Receivables Turnover

For the Chemicals subindustry, Tronox Pigmentos do Brasil'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.


Tronox Pigmentos do Brasil's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tronox Pigmentos do Brasil's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tronox Pigmentos do Brasil's Receivables Turnover falls into.



Tronox Pigmentos do Brasil Receivables Turnover Calculation

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

Tronox Pigmentos do Brasil'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 )
=575.42 / ((56.83 + 70.151) / 2 )
=575.42 / 63.4905
=9.06

Tronox Pigmentos do Brasil's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=133.247 / ((146.655 + 70.151) / 2 )
=133.247 / 108.403
=1.23

* 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.


Tronox Pigmentos do Brasil  (BSP:CRPG6) 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.


Tronox Pigmentos do Brasil Receivables Turnover Related Terms

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Tronox Pigmentos do Brasil (BSP:CRPG6) Business Description

Traded in Other Exchanges
Address
Rodovia BA 099, Estrada do Coco, Camaçari, BA, BRA, 42829-710
Tronox Pigmentos do Brasil SA manufactures chemical products such as titanium dioxide and sulphuric acid. Its titanium dioxide (TiO2) product is used to provide color, brightness, and opacity to a range of products, including paint, plastic, paper, eraser, and other products, as well as applications, such as ceramic, glass, leather, synthetic fiber, and color formulation for artistic paints. It also produces ilmenite, zirconite, rutile, and kyanite.

Tronox Pigmentos do Brasil (BSP:CRPG6) Headlines

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