Construtora Tenda (BSP:TEND3) Receivables Turnover : 1.41 (As of Dec. 2023)

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What is Construtora Tenda 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. Construtora Tenda's Revenue for the three months ended in Dec. 2023 was R$755 Mil. Construtora Tenda's average Accounts Receivable for the three months ended in Dec. 2023 was R$537 Mil. Hence, Construtora Tenda's Receivables Turnover for the three months ended in Dec. 2023 was 1.41.

Construtora Tenda Receivables Turnover Historical Data

The historical data trend for Construtora Tenda'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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Construtora Tenda Receivables Turnover Chart

Construtora Tenda Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.39

4.71

4.36

4.19

5.30

Construtora Tenda Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.08	1.13	1.20	1.41	1.41

Competitive Comparison of Construtora Tenda's Receivables Turnover

For the Real Estate - Development subindustry, Construtora Tenda'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.

Construtora Tenda's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Construtora Tenda's Receivables Turnover distribution charts can be found below:

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

Construtora Tenda Receivables Turnover Calculation

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

Construtora Tenda'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 )
=	2903.087	/ (	(549.895	+	544.588)	/	2 )
=	2903.087	/	547.2415
=	5.30

Construtora Tenda's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	754.88	/ (	(529.185	+	544.588)	/	2 )
=	754.88	/	536.8865
=	1.41

Construtora Tenda (BSP:TEND3) 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.

Construtora Tenda Receivables Turnover Related Terms

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Construtora Tenda (BSP:TEND3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Construtora Tenda SA (BSP:TEND3) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Rua Boa Vista, 280, Sao Paulo, SP, BRA, 01010-001

Website

https://www.tenda.com

Construtora Tenda SA is engaged in the performance of general construction works, real estate development, real estate purchase, and sale, the provision of general construction management services, the intermediation of the sale of consortium shares, and the holding of interests in other companies. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company concentrates its activities in nine metropolitan regions of Brazil, uniquely operating within bracket 2 of the Casa Verde e Amarela federal government housing program. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings.

Construtora Tenda (BSP:TEND3) Headlines

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