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. TD Synnex's Revenue for the
three
months ended in Aug. 2024 was $14,685 Mil. TD Synnex's average Accounts Receivable for the
three
months ended in Aug. 2024 was $9,442 Mil.
Hence, TD Synnex's Receivables Turnover for the
three
months ended in Aug. 2024 was 1.56.
TD Synnex Receivables Turnover Historical Data
The historical data trend for TD Synnex'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.
Competitive Comparison of TD Synnex's Receivables Turnover
For the Electronics & Computer Distribution subindustry, TD Synnex'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.
TD Synnex's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, TD Synnex's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where TD Synnex's Receivables Turnover falls into.
TD Synnex Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
TD Synnex's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as
* 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.
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.
TD Synnex Receivables Turnover Related Terms
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TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
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