Transcontinental (TSX:TCL.B) Receivables Turnover : 1.51 (As of Jan. 2024)

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What is Transcontinental 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. Transcontinental's Revenue for the three months ended in Jan. 2024 was C$680 Mil. Transcontinental's average Accounts Receivable for the three months ended in Jan. 2024 was C$451 Mil. Hence, Transcontinental's Receivables Turnover for the three months ended in Jan. 2024 was 1.51.

Transcontinental Receivables Turnover Historical Data

The historical data trend for Transcontinental'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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Transcontinental Receivables Turnover Chart

Transcontinental Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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6.18

5.92

6.34

6.33

6.23

Transcontinental Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.39	1.41	1.36	1.64	1.51

Competitive Comparison of Transcontinental's Receivables Turnover

For the Packaging & Containers subindustry, Transcontinental'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.

Transcontinental's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Transcontinental's Receivables Turnover distribution charts can be found below:

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

Transcontinental Receivables Turnover Calculation

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

Transcontinental's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	2940.6	/ (	(496.6	+	447.9)	/	2 )
=	2940.6	/	472.25
=	6.23

Transcontinental's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	680.4	/ (	(447.9	+	453.1)	/	2 )
=	680.4	/	450.5
=	1.51

Transcontinental (TSX:TCL.B) 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.

Transcontinental Receivables Turnover Related Terms

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Transcontinental (TSX:TCL.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Transcontinental Inc (TSX:TCL.B) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TCLCF:USA TCLAF:USA TCL.A:Canada

Address

1 Place Ville Marie, Suite 3240, Affaires Juridiques,, A/s Caroline Hamel, Montreal, QC, CAN, H3B 0G1

Website

https://tctranscontinental.com

Transcontinental Inc or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions. The smaller other segment focuses on the media sector, which generates revenue from print and digital publishing products.

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