Tien Phong Securities (STC:ORS) Receivables Turnover : 0.09 (As of Mar. 2024)

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What is Tien Phong Securities 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. Tien Phong Securities's Revenue for the three months ended in Mar. 2024 was ₫305,556 Mil. Tien Phong Securities's average Accounts Receivable for the three months ended in Mar. 2024 was ₫3,519,026 Mil. Hence, Tien Phong Securities's Receivables Turnover for the three months ended in Mar. 2024 was 0.09.

Tien Phong Securities Receivables Turnover Historical Data

The historical data trend for Tien Phong Securities'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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Tien Phong Securities Receivables Turnover Chart

Tien Phong Securities Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.79

11.62

3.38

0.74

0.35

Tien Phong Securities Quarterly Data
	Mar18	Dec18	Mar19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.09	0.06	0.10	0.06	0.09

Competitive Comparison of Tien Phong Securities's Receivables Turnover

For the Capital Markets subindustry, Tien Phong Securities'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.

Tien Phong Securities's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tien Phong Securities's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tien Phong Securities's Receivables Turnover falls into.

Tien Phong Securities Receivables Turnover Calculation

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

Tien Phong Securities'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 )
=	1035021.452	/ (	(3772646.118	+	2205895.83)	/	2 )
=	1035021.452	/	2989270.974
=	0.35

Tien Phong Securities'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 )
=	305555.853	/ (	(2205895.83	+	4832157.007)	/	2 )
=	305555.853	/	3519026.4185
=	0.09

Tien Phong Securities (STC:ORS) 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.

Tien Phong Securities Receivables Turnover Related Terms

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Tien Phong Securities (STC:ORS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tien Phong Securities Corp (STC:ORS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

75-77 Nguyen Thai Binh street, District 1, Ho Chi Minh, VNM

Website

https://tpbs.com.vn

Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory, brokerage services for individual and institutional clients. The Company is also involved in securities dealing.

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