Track & Field Co (BSP:TFCO4) Receivables Turnover : 1.37 (As of Dec. 2023)

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What is Track & Field Co 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. Track & Field Co's Revenue for the three months ended in Dec. 2023 was R$221.9 Mil. Track & Field Co's average Accounts Receivable for the three months ended in Dec. 2023 was R$161.5 Mil. Hence, Track & Field Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.37.

Track & Field Co Receivables Turnover Historical Data

The historical data trend for Track & Field Co'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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Track & Field Co Receivables Turnover Chart

Track & Field Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.60

3.26

3.88

4.08

3.91

Track & Field Co Quarterly Data
	Dec17	Dec18	Jun19	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															1.47	1.06	1.34	1.35	1.37

Competitive Comparison of Track & Field Co's Receivables Turnover

For the Apparel Retail subindustry, Track & Field Co'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.

Track & Field Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Track & Field Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Track & Field Co's Receivables Turnover falls into.

Track & Field Co Receivables Turnover Calculation

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

Track & Field Co'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 )
=	683.69	/ (	(152.769	+	196.536)	/	2 )
=	683.69	/	174.6525
=	3.91

Track & Field Co'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 )
=	221.947	/ (	(126.392	+	196.536)	/	2 )
=	221.947	/	161.464
=	1.37

Track & Field Co (BSP:TFCO4) 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.

Track & Field Co Receivables Turnover Related Terms

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Track & Field Co (BSP:TFCO4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Track & Field Co SA (BSP:TFCO4) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

no 387, 8th and 9th Floor, Rua Dr. Eduardo Souza Aranha, Edificio Juscelino Plaza, Sao Paulo, SP, BRA, 04543-121

Website

https://www.tfco.com.br

Track & Field Co SA is a sports apparel retailer. The company's portfolio consists of sportswear, Beachwear, Sports accessories, and sports shoes (footwear).

Track & Field Co (BSP:TFCO4) Headlines

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