TP ICAP GROUP (LSE:TCAP) Receivables Turnover : 3.25 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is TP ICAP GROUP 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. TP ICAP GROUP's Revenue for the six months ended in Dec. 2023 was £1,059 Mil. TP ICAP GROUP's average Accounts Receivable for the six months ended in Dec. 2023 was £326 Mil. Hence, TP ICAP GROUP's Receivables Turnover for the six months ended in Dec. 2023 was 3.25.

TP ICAP GROUP Receivables Turnover Historical Data

The historical data trend for TP ICAP GROUP'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.

* Premium members only.

TP ICAP GROUP Receivables Turnover Chart

TP ICAP GROUP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

0.16

2.59

5.88

5.89

6.39

TP ICAP GROUP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.02	2.71	2.46	3.10	3.25

Competitive Comparison of TP ICAP GROUP's Receivables Turnover

For the Capital Markets subindustry, TP ICAP GROUP'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.

TP ICAP GROUP's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TP ICAP GROUP's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TP ICAP GROUP's Receivables Turnover falls into.

TP ICAP GROUP Receivables Turnover Calculation

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

TP ICAP GROUP'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 )
=	2191	/ (	(382	+	304)	/	2 )
=	2191	/	343
=	6.39

TP ICAP GROUP'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1059	/ (	(348	+	304)	/	2 )
=	1059	/	326
=	3.25

TP ICAP GROUP (LSE:TCAP) 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.

TP ICAP GROUP Receivables Turnover Related Terms

Thank you for viewing the detailed overview of TP ICAP GROUP's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

TP ICAP GROUP (LSE:TCAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TP ICAP GROUP PLC (LSE:TCAP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TCAPl:UK 8D7:Germany

Address

135 Bishopsgate, London, GBR, EC2M 3TP

Website

http://www.tpicap.com

TP ICAP GROUP PLC provides broking professional intermediary services to match buyers and sellers of different financial, energy and commodities products. Its role includes to create liquidity and price discovery in markets and provide insight and context to the clients. The company provides proprietary over the counter ('OTC') pricing information in the world with the data on financial, energy and commodities products. Its clients include banks, insurance companies, pension funds, asset managers, hedge funds, central banks, energy producers and refiners, risk and compliance managers and charities.

TP ICAP GROUP (LSE:TCAP) Headlines

No Headlines