TCI Express (NSE:TCIEXP) Receivables Turnover: 1.37 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:TCIEXP TCI Express Ltd NSE:TCIEXP
86 GF Score
Price ₹561.15
GF Value ₹923.87
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is TCI Express Receivables Turnover?

TCI Express NSE:TCIEXP -0.20% 86 Receivables Turnover is 1.37 as of Mar. 2026. GuruFocus rates NSE:TCIEXP with a GF Score™ of 86/100 and a GF Value™ of ₹923.87 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,000 Transportation companies, TCI Express ranks worse than 72.1% on this metric.

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. TCI Express's Revenue for the three months ended in Mar. 2026 was ₹3,281 Mil. TCI Express's average Accounts Receivable for the three months ended in Mar. 2026 was ₹2,387 Mil. Hence, TCI Express's Receivables Turnover for the three months ended in Mar. 2026 was 1.37.


TCI Express  (NSE:TCIEXP) 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.


TCI Express Receivables Turnover Related Terms


TCI Express Receivables Turnover Historical Data

* Premium members only.

The historical data trend for TCI Express'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.

TCI Express Receivables Turnover Chart

TCI Express Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.02 6.19 5.66 5.28 5.33

TCI Express Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.36 1.27 1.27 1.29 1.37

NSE:TCIEXP vs UPS, FDX, JBHT: Receivables Turnover Comparison

For the Integrated Freight & Logistics subindustry, TCI Express'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.


TCI Express Receivables Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, TCI Express's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TCI Express's Receivables Turnover falls into.


NSE:TCIEXP
86GF Score
TCI Express Ltd NSE:TCIEXP
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCI Express Receivables Turnover Calculation

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

TCI Express's Receivables Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Receivables Turnover (A: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2026 ) / ((Accounts Receivable (A: Mar. 2025 ) + Accounts Receivable (A: Mar. 2026 )) / count )
=12374.1 / ((2258.9 + 2386.5) / 2 )
=12374.1 / 2322.7
=5.33

TCI Express's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=3280.8 / ((0 + 2386.5) / 1 )
=3280.8 / 2386.5
=1.37

* 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 1.37 mean?
TCI Express (NSE:TCIEXP) has a Receivables Turnover of 1.37 as of Mar. 2026. 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 TCI Express and its competitors. According to the industry distribution chart, TCI Express ranks #721 out of 1000 companies in the Transportation industry, placing it in the top 72.1%.
Is TCI Express' Receivables Turnover too high?
TCI Express' current Receivables Turnover is 1.37. The Transportation industry median Receivables Turnover is 7.74. TCI Express' value of 1.37 is 82.3% below this industry median. Based on the distribution chart, TCI Express ranks #721 out of 1000 companies in the Transportation industry, which is below the industry midpoint. Overall, TCI Express has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCI Express' Receivables Turnover compare to UPS and FDX?
According to the Transportation industry distribution chart, TCI Express ranks #721 out of 1000 companies for Receivables Turnover. This places TCI Express in the lower half of its industry. The industry median Receivables Turnover is 7.74. TCI Express' value of 1.37 is 82.3% 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 a Transportation company?
The median Receivables Turnover among Transportation companies is 7.74, based on 1,000 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. TCI Express's current Receivables Turnover of 1.37 is 82.3% 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 TCI Express and its competitors. For the Transportation industry, the median Receivables Turnover is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCI Express's current Receivables Turnover is 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCI Express stock overvalued right now?
Based on GuruFocus' analysis, TCI Express (NSE:TCIEXP) is currently considered Possible Value Trap. The stock's GF Value™ is ₹923.87, compared to a current price of ₹561.15 — trading 39.3% below its estimated fair value. The current Receivables Turnover is 1.37 and 82.3% below the Transportation industry median of 7.74. TCI Express' overall GF Score™ is 86/100 with 6 warning signs to review. 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 TCI Express (NSE:TCIEXP), the current Receivables Turnover is 1.37 as of Mar. 2026. 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.

Is TCI Express (NSE:TCIEXP) Overvalued in 2026?

Based on GuruFocus' analysis, TCI Express stock appears to be undervalued. The current stock price of ₹561.15 is trading 39.3% below its estimated GF Value™ of ₹923.87. GuruFocus considers TCI Express to be Possible Value Trap.

Key valuation signals for NSE:TCIEXP:

  • Receivables Turnover: 1.37
  • GF Value™: ₹923.87 vs. price of ₹561.15 (39.3% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 82.3% below the Transportation median (#721 of 1000)

No single metric tells the full story. See the NSE:TCIEXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TCI Express Business Description

Other Exchanges 540212:India
Address Sector 32, TCI House, Plot No. 84, 69 Institutional Area, Gurugram, HR, IND, 122001
TCI Express Ltd is a courier service company. The company provides surface express, domestic air express, international air express, e-commerce express, and others. It serves industries such as automobiles, retail, telecom, pharmaceuticals, and e-commerce. The company's only reportable segment being Express Cargo.
86GF Score

Get the complete analysis for NSE:TCIEXP

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹561.15
Price
₹923.87
GF Value