TPS Eastern Africa (NAI:TPSE) Receivables Turnover : 12.97 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is TPS Eastern Africa 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. TPS Eastern Africa's Revenue for the six months ended in Dec. 2023 was KES9,685 Mil. TPS Eastern Africa's average Accounts Receivable for the six months ended in Dec. 2023 was KES747 Mil. Hence, TPS Eastern Africa's Receivables Turnover for the six months ended in Dec. 2023 was 12.97.

TPS Eastern Africa Receivables Turnover Historical Data

The historical data trend for TPS Eastern Africa'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.

TPS Eastern Africa Receivables Turnover Chart

TPS Eastern Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

9.37

2.85

5.30

11.73

12.97

TPS Eastern Africa Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial											9.37	2.85	5.30	11.73	12.97

Competitive Comparison of TPS Eastern Africa's Receivables Turnover

For the Lodging subindustry, TPS Eastern Africa'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.

TPS Eastern Africa's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where TPS Eastern Africa's Receivables Turnover falls into.

TPS Eastern Africa Receivables Turnover Calculation

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

TPS Eastern Africa'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 )
=	9684.612	/ (	(681.635	+	811.559)	/	2 )
=	9684.612	/	746.597
=	12.97

TPS Eastern Africa'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	9684.612	/ (	(681.635	+	811.559)	/	2 )
=	9684.612	/	746.597
=	12.97

TPS Eastern Africa (NAI:TPSE) 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.

TPS Eastern Africa Receivables Turnover Related Terms

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

TPS Eastern Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TPS Eastern Africa Ltd (NAI:TPSE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Ngong Avenue, P.O. Box 48690, 4th Floor, Williamson House, Nairobi, KEN, 00100

Website

https://www.serenahotels.com

TPS Eastern Africa Ltd is a Kenya based company and along with its subsidiaries own and operates hotel and lodge facilities in Eastern Africa. In terms of the segment, the business has three operating segments that are Kenya Hotels and Lodges, Tanzania Lodges, and Uganda Hotels; out of which Kenya Hotels and Lodges generate maximum revenue for the company. Geographically the company has diversified its business to Uganda, Tanzania, and Kenya. The company is also interested in performing promotion activities for its hotels through its subsidiaries.

TPS Eastern Africa Headlines

No Headlines