Titas Gas Transmission and Distribution (DHA:TITASGAS) Receivables Turnover : 0.56 (As of Mar. 2025)

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What is Titas Gas Transmission and Distribution 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. Titas Gas Transmission and Distribution's Revenue for the three months ended in Mar. 2025 was BDT90,230 Mil. Titas Gas Transmission and Distribution's average Accounts Receivable for the three months ended in Mar. 2025 was BDT160,029 Mil. Hence, Titas Gas Transmission and Distribution's Receivables Turnover for the three months ended in Mar. 2025 was 0.56.

Titas Gas Transmission and Distribution Receivables Turnover Historical Data

The historical data trend for Titas Gas Transmission and Distribution'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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Titas Gas Transmission and Distribution Receivables Turnover Chart

Titas Gas Transmission and Distribution Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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3.38

3.07

3.14

3.34

2.90

Titas Gas Transmission and Distribution Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.66	0.64	0.54	0.58	0.56

Competitive Comparison of Titas Gas Transmission and Distribution's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission and Distribution'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.

Titas Gas Transmission and Distribution's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission and Distribution's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission and Distribution's Receivables Turnover falls into.

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Titas Gas Transmission and Distribution Receivables Turnover Calculation

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

Titas Gas Transmission and Distribution'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 )
=	356929.196	/ (	(99583.403	+	146855.952)	/	2 )
=	356929.196	/	123219.6775
=	2.90

Titas Gas Transmission and Distribution's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	90230.139	/ (	(160501.399	+	159556.074)	/	2 )
=	90230.139	/	160028.7365
=	0.56

Titas Gas Transmission and Distribution (DHA:TITASGAS) 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.

Titas Gas Transmission and Distribution Receivables Turnover Related Terms

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Titas Gas Transmission and Distribution Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Titas Gas Transmission and Distribution PLC (DHA:TITASGAS) » Definitions » Receivables Turnover

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Address

105, Kazi Nazrul Islam Avenue, 2nd Floor, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215

Website

https://www.titasgas.gov.bd

Titas Gas Transmission and Distribution PLC is principally engaged in the business of natural gas distribution. It operates through the segments that are distributed the same to the consumers in power, fertilizer, industrial, captive power, Feed Gas for CNG, Domestic Metered, Domestic Non-Domestic, and commercial.

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