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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. TGC No 2 PJSC's Revenue for the
six
months ended in Jun. 2023 was ₽27,934 Mil. TGC No 2 PJSC's average Accounts Receivable for the
six
months ended in Jun. 2023 was ₽5,114 Mil.
Hence, TGC No 2 PJSC's Receivables Turnover for the
six
months ended in Jun. 2023 was 5.46.
TGC No 2 PJSC (MIC:TGKB) 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.
TGC No 2 PJSC Receivables Turnover Related Terms
TGC No 2 PJSC Receivables Turnover Historical Data
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The historical data trend for TGC No 2 PJSC'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.
MIC:TGKB vs VST, NRG: Receivables Turnover Comparison
For the Utilities - Independent Power Producers subindustry, TGC No 2 PJSC'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.
TGC No 2 PJSC Receivables Turnover vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, TGC No 2 PJSC's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where TGC No 2 PJSC's Receivables Turnover falls into.
* 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.
TGC No 2 PJSC (MIC:TGKB) has a Receivables Turnover of 5.46 as of Jun. 2023. 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 TGC No 2 PJSC and its competitors.
Is TGC No 2 PJSC's Receivables Turnover too high?
TGC No 2 PJSC's current Receivables Turnover is 5.46. The Utilities - Independent Power Producers industry median Receivables Turnover is 5.73. TGC No 2 PJSC's value of 5.46 is 4.6% below this industry median.
How does TGC No 2 PJSC's Receivables Turnover compare to VST and NRG?
TGC No 2 PJSC's Receivables Turnover of 5.46 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Receivables Turnover is 5.73. TGC No 2 PJSC's value of 5.46 is 4.6% 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 Utilities - Independent Power Producers company?
The median Receivables Turnover among Utilities - Independent Power Producers companies is 5.73, based on 412 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. TGC No 2 PJSC's current Receivables Turnover of 5.46 is 4.6% 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 TGC No 2 PJSC and its competitors. For the Utilities - Independent Power Producers industry, the median Receivables Turnover is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGC No 2 PJSC's current Receivables Turnover is 5.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGC No 2 PJSC stock overvalued right now?
TGC No 2 PJSC (MIC:TGKB) has a current Receivables Turnover of 5.46. The current Receivables Turnover is 5.46 and 4.6% below the Utilities - Independent Power Producers industry median of 5.73. 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 TGC No 2 PJSC (MIC:TGKB), the current Receivables Turnover is 5.46 as of Jun. 2023. 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.
TGC No 2 PJSC is a heat and power-generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod, and Yaroslavl regions of Russia, and in Skopje (Macedonia).
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