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Tate & Lyle (Tate & Lyle) Receivables Turnover : 2.70 (As of Mar. 2024)


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What is Tate & Lyle 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. Tate & Lyle's Revenue for the six months ended in Mar. 2024 was $1,004 Mil. Tate & Lyle's average Accounts Receivable for the six months ended in Mar. 2024 was $372 Mil. Hence, Tate & Lyle's Receivables Turnover for the six months ended in Mar. 2024 was 2.70.

Tate & Lyle Receivables Turnover Historical Data

The historical data trend for Tate & Lyle'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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Tate & Lyle Receivables Turnover Chart

Tate & Lyle Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.55 4.35 5.15 6.73 5.89

Tate & Lyle Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 2.97 2.54 2.73 3.00 2.70

Competitive Comparison of Tate & Lyle's Receivables Turnover

For the Packaged Foods subindustry, Tate & Lyle'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.

Tate & Lyle's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tate & Lyle's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tate & Lyle's Receivables Turnover falls into.


Tate & Lyle Receivables Turnover Calculation

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

Tate & Lyle's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=2092.757 / ((337.379 + 373.571) / 2 )
=2092.757 / 355.475
=5.89

Tate & Lyle'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1003.812 / ((370.05 + 373.571) / 2 )
=1003.812 / 371.8105
=2.70

* 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.

Tate & Lyle  (OTCPK:TATYF) 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.

Tate & Lyle Receivables Turnover Related Terms

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Tate & Lyle (Tate & Lyle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tate & Lyle PLC (OTCPK:TATYF) » Definitions » Receivables Turnover
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Traded in Other Exchanges
TATYY:USA TATEl:UK TATE:UK TLYB:Germany
Address
5 Marble Arch, London, GBR, W1H 7EJ
Website
https://www.tateandlyle.com
Tate & Lyle is a global provider of food and beverage ingredients and solutions. Following the sale in 2022 of a controlling stake in its commodity ingredients business, as well as its exit from the sugar business a decade earlier, Tate & Lyle is now focused on specialty ingredients—sweeteners, starches, and soluble fiber. It has 2,700 employees and operates in over 140 countries, with most of its revenue generated in North America.