Teixeira Duarte (STU:TXC2) Receivables Turnover : 2.64 (As of Dec. 2023)

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What is Teixeira Duarte 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. Teixeira Duarte's Revenue for the six months ended in Dec. 2023 was €392.5 Mil. Teixeira Duarte's average Accounts Receivable for the six months ended in Dec. 2023 was €148.6 Mil. Hence, Teixeira Duarte's Receivables Turnover for the six months ended in Dec. 2023 was 2.64.

Teixeira Duarte Receivables Turnover Historical Data

The historical data trend for Teixeira Duarte'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.

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Teixeira Duarte Receivables Turnover Chart

Teixeira Duarte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.16

3.14

3.57

5.04

4.66

Teixeira Duarte 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															1.98	2.46	2.63	2.27	2.64

Competitive Comparison of Teixeira Duarte's Receivables Turnover

For the Engineering & Construction subindustry, Teixeira Duarte'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.

Teixeira Duarte's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Teixeira Duarte's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Teixeira Duarte's Receivables Turnover falls into.

Teixeira Duarte Receivables Turnover Calculation

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

Teixeira Duarte'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 )
=	767.249	/ (	(180.877	+	148.2)	/	2 )
=	767.249	/	164.5385
=	4.66

Teixeira Duarte'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 )
=	392.474	/ (	(149.04	+	148.2)	/	2 )
=	392.474	/	148.62
=	2.64

Teixeira Duarte (STU:TXC2) 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.

Teixeira Duarte Receivables Turnover Related Terms

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Teixeira Duarte (STU:TXC2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teixeira Duarte SA (STU:TXC2) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TDSA:Portugal

Address

Lagoas Park, Edificio 2, Porto Salvo, Oeiras, PRT, 2740-265

Website

https://www.teixeiraduarte.pt

Teixeira Duarte SA is engaged in the business of the undertaking and management of investments, the coordination and supervision of other companies included in or related to its corporate group, operating in areas of strategic and organizational planning as well as the provision of administrative, and management, consulting, operational assistance in terms of human resources, technical and financial services in which the company has the stake. The firm has in construction, concessions and services, real estate, hospitality, distribution and automotive business sectors. The company operates in Portugal, Angola, Algeria, Brazil, Spain, France, Morocco, Mozambique, and Venezuela.

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