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. Tanger's Revenue for the
three
months ended in Dec. 2023 was $127.5 Mil. Tanger's average Accounts Receivable for the
three
months ended in Dec. 2023 was $0.0 Mil.
Tanger Receivables Turnover Historical Data
The historical data trend for Tanger'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.
Competitive Comparison of Tanger's Receivables Turnover
For the REIT - Retail subindustry, Tanger'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.
Tanger's Receivables Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Tanger's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Tanger's Receivables Turnover falls into.
Tanger Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Tanger's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Tanger Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Tanger's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Tanger Inc Formerly Tanger Factory Outlet Centers Inc is the owner and operator of outlet centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. Substantially majority of the firm's revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.
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