Trustco Group Holdings (JSE:TTO) Receivables Turnover: 0.65 (As of Feb. 2024)

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JSE:TTO Trustco Group Holdings Ltd JSE:TTO
11 GF Score
Price R0.30
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What is Trustco Group Holdings Receivables Turnover?

Trustco Group Holdings JSE:TTO 11 Receivables Turnover is 0.65 as of Feb. 2024. GuruFocus rates JSE:TTO with a GF Score™ of 11/100.

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. Trustco Group Holdings's Revenue for the six months ended in Feb. 2024 was R16.97 Mil. Trustco Group Holdings's average Accounts Receivable for the six months ended in Feb. 2024 was R25.95 Mil. Hence, Trustco Group Holdings's Receivables Turnover for the six months ended in Feb. 2024 was 0.65.


Trustco Group Holdings  (JSE:TTO) 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.


Trustco Group Holdings Receivables Turnover Related Terms


Trustco Group Holdings Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Trustco Group Holdings'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.

Trustco Group Holdings Receivables Turnover Chart

Trustco Group Holdings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 4.50 1.83 0.39 2.68

Trustco Group Holdings Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Mar21 Feb22 Aug22 Feb23 Aug23 Feb24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.41 0.59 0.89 0.65

JSE:TTO vs BLK, BX, KKR: Receivables Turnover Comparison

For the Asset Management subindustry, Trustco Group Holdings'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.


Trustco Group Holdings Receivables Turnover vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Trustco Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Trustco Group Holdings's Receivables Turnover falls into.


JSE:TTO
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Trustco Group Holdings Ltd JSE:TTO
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Trustco Group Holdings Receivables Turnover Calculation

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

Trustco Group Holdings's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=90.841 / ((43.923 + 23.958) / 2 )
=90.841 / 33.9405
=2.68

Trustco Group Holdings's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Aug. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=16.97 / ((23.958 + 27.951) / 2 )
=16.97 / 25.9545
=0.65

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.65 mean?
Trustco Group Holdings (JSE:TTO) has a Receivables Turnover of 0.65 as of Feb. 2024. The accounts 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. View historical data on Trustco Group Holdings and its competitors.
Is Trustco Group Holdings' Receivables Turnover too high?
Trustco Group Holdings' current Receivables Turnover is 0.65. The Asset Management industry median Receivables Turnover is 7.97. Trustco Group Holdings' value of 0.65 is 91.8% below this industry median. Overall, Trustco Group Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Trustco Group Holdings' Receivables Turnover compare to BLK and BX?
Trustco Group Holdings' Receivables Turnover of 0.65 can be compared against companies in the Asset Management industry. The industry median Receivables Turnover is 7.97. Trustco Group Holdings' value of 0.65 is 91.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Asset Management company?
The median Receivables Turnover among Asset Management companies is 7.97, based on 532 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trustco Group Holdings's current Receivables Turnover of 0.65 is 91.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Trustco Group Holdings and its competitors. For the Asset Management industry, the median Receivables Turnover is 7.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trustco Group Holdings's current Receivables Turnover is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trustco Group Holdings stock overvalued right now?
Trustco Group Holdings (JSE:TTO) has a current Receivables Turnover of 0.65. The current Receivables Turnover is 0.65 and 91.8% below the Asset Management industry median of 7.97. Trustco Group Holdings' overall GF Score™ is 11/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Trustco Group Holdings (JSE:TTO), the current Receivables Turnover is 0.65 as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Trustco Group Holdings Business Description

Address 2 Keller Street, Eros, P.O. Box 11363, Windhoek, NAM
Trustco Group Holdings Ltd engages in the provision of financial services. The company's operating segment includes Financial Services and Resources. The Financial Services portfolio earns income from insurance premiums, property sales, rental income, investment property activities, banking and finance activities, interest, fees, and commissions from customers, and tuition income. The Resources portfolio conducts mining operations in Namibia and Sierra Leone. The company earns maximum revenue through Micro-Finance.
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