Transportadora de Gas del Norte (BUE:TGNO2) Receivables Turnover : 2.34 (As of Mar. 2024)

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What is Transportadora de Gas del Norte 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. Transportadora de Gas del Norte's Revenue for the three months ended in Mar. 2024 was ARS27,476 Mil. Transportadora de Gas del Norte's average Accounts Receivable for the three months ended in Mar. 2024 was ARS11,758 Mil. Hence, Transportadora de Gas del Norte's Receivables Turnover for the three months ended in Mar. 2024 was 2.34.

Transportadora de Gas del Norte Receivables Turnover Historical Data

The historical data trend for Transportadora de Gas del Norte'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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Transportadora de Gas del Norte Receivables Turnover Chart

Transportadora de Gas del Norte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.79

7.54

9.59

12.32

7.70

Transportadora de Gas del Norte 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															3.73	2.25	2.17	5.51	2.34

Competitive Comparison of Transportadora de Gas del Norte's Receivables Turnover

For the Oil & Gas Midstream subindustry, Transportadora de Gas del Norte'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.

Transportadora de Gas del Norte's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Transportadora de Gas del Norte's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Transportadora de Gas del Norte's Receivables Turnover falls into.

Transportadora de Gas del Norte Receivables Turnover Calculation

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

Transportadora de Gas del Norte'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 )
=	99436.987	/ (	(16106.715	+	9716.933)	/	2 )
=	99436.987	/	12911.824
=	7.70

Transportadora de Gas del Norte'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 )
=	27475.926	/ (	(9716.933	+	13798.747)	/	2 )
=	27475.926	/	11757.84
=	2.34

Transportadora de Gas del Norte (BUE:TGNO2) 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.

Transportadora de Gas del Norte Receivables Turnover Related Terms

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Transportadora de Gas del Norte (BUE:TGNO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transportadora de Gas del Norte SA (BUE:TGNO2) » Definitions » Receivables Turnover

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TGNO4:Argentina

Address

Don Bosco 3672, 3rd floor, Buenos Aires, ARG, C1206ABF

Website

https://www.tgn.com.ar

Transportadora de Gas del Norte SA is an Argentina-based company. It is active in the distribution of natural gas. The Company operates a pipeline network of more than 6,788 kilometers. Its gas transportation system comprises two main pipelines: The Northern Pipeline, which begins in the province of Salta, and the Central Western Pipeline, which starts in the Province of Neuquen. The services offered by the company include Gas transportation and providing operation, maintenance and technical assistance of third-party pipelines.

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