Tsogo Sun (JSE:TSG) Receivables Turnover : 20.87 (As of Sep. 2023)

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What is Tsogo Sun 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. Tsogo Sun's Revenue for the six months ended in Sep. 2023 was R5,739 Mil. Tsogo Sun's average Accounts Receivable for the six months ended in Sep. 2023 was R275 Mil. Hence, Tsogo Sun's Receivables Turnover for the six months ended in Sep. 2023 was 20.87.

Tsogo Sun Receivables Turnover Historical Data

The historical data trend for Tsogo Sun'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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Tsogo Sun Receivables Turnover Chart

Tsogo Sun Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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52.14

112.59

69.90

126.51

138.45

Tsogo Sun Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															16.54	21.66	22.10	23.48	20.87

Competitive Comparison of Tsogo Sun's Receivables Turnover

For the Resorts & Casinos subindustry, Tsogo Sun'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.

Tsogo Sun's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tsogo Sun's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tsogo Sun's Receivables Turnover falls into.

Tsogo Sun Receivables Turnover Calculation

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

Tsogo Sun's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	11076	/ (	(78	+	82)	/	2 )
=	11076	/	80
=	138.45

Tsogo Sun's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	5739	/ (	(82	+	468)	/	2 )
=	5739	/	275
=	20.87

Tsogo Sun (JSE:TSG) 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.

Tsogo Sun Receivables Turnover Related Terms

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Tsogo Sun (JSE:TSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tsogo Sun Ltd (JSE:TSG) » Definitions » Receivables Turnover

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G5E:Germany

Address

Montecasino Boulevard, Palazzo Towers East, Fourways, Johannesburg, GT, ZAF, 2055

Website

https://www.tsogosun.com

Tsogo Sun Ltd is a casino, gaming, and entertainment company with operations in South Africa. It owns and operates a chain of hotels. The firm provides online reservations, casinos, conference and banqueting facilities, restaurants, and hospitality services. The firm recognises revenue from Food and beverage and Rooms.