TPC Consolidated (ASX:TPC) Receivables Turnover : 4.40 (As of Dec. 2024)

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What is TPC Consolidated 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. TPC Consolidated's Revenue for the six months ended in Dec. 2024 was A$99.5 Mil. TPC Consolidated's average Accounts Receivable for the six months ended in Dec. 2024 was A$22.6 Mil. Hence, TPC Consolidated's Receivables Turnover for the six months ended in Dec. 2024 was 4.40.

TPC Consolidated Receivables Turnover Historical Data

The historical data trend for TPC Consolidated'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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TPC Consolidated Receivables Turnover Chart

TPC Consolidated Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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8.96

8.68

9.09

9.32

9.55

TPC Consolidated Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.33	4.43	3.53	4.48	4.40

Competitive Comparison of TPC Consolidated's Receivables Turnover

For the Utilities - Diversified subindustry, TPC Consolidated'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.

TPC Consolidated's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, TPC Consolidated's Receivables Turnover distribution charts can be found below:

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

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TPC Consolidated Receivables Turnover Calculation

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

TPC Consolidated's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	159.758	/ (	(14.548	+	18.903)	/	2 )
=	159.758	/	16.7255
=	9.55

TPC Consolidated's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	99.477	/ (	(18.903	+	26.348)	/	2 )
=	99.477	/	22.6255
=	4.40

TPC Consolidated (ASX:TPC) 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.

TPC Consolidated Receivables Turnover Related Terms

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TPC Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » TPC Consolidated Ltd (ASX:TPC) » Definitions » Receivables Turnover

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Address

225 George Street, Suite 2905, Level 29, Sydney, NSW, AUS, 2000

Website

https://www.tpc.com.au

TPC Consolidated Ltd is engaged in the provision of retail electricity and gas services to residential and business customers and the provision of pre-paid mobile and related services in Australia. The company operates through one segments comprising Retail electricity and gas services.