TANAF (Tianan Technology Group) Receivables Turnover : 35.87 (As of Dec. 2024)

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What is Tianan Technology Group 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. Tianan Technology Group's Revenue for the six months ended in Dec. 2024 was $1.65 Mil. Tianan Technology Group's average Accounts Receivable for the six months ended in Dec. 2024 was $0.05 Mil. Hence, Tianan Technology Group's Receivables Turnover for the six months ended in Dec. 2024 was 35.87.

Tianan Technology Group Receivables Turnover Historical Data

The historical data trend for Tianan Technology Group'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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Tianan Technology Group Receivables Turnover Chart

Tianan Technology Group Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

82.33

37.94

Tianan Technology Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	6.03	1.54	66.50	35.87

Competitive Comparison of Tianan Technology Group's Receivables Turnover

For the Medical Devices subindustry, Tianan Technology Group'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.

Tianan Technology Group's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tianan Technology Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tianan Technology Group's Receivables Turnover falls into.

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Tianan Technology Group Receivables Turnover Calculation

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

Tianan Technology Group's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1.783	/ (	(0.003	+	0.091)	/	2 )
=	1.783	/	0.047
=	37.94

Tianan Technology Group's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1.65	/ (	(0.001	+	0.091)	/	2 )
=	1.65	/	0.046
=	35.87

Tianan Technology Group (OTCPK:TANAF) 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.

Tianan Technology Group Receivables Turnover Related Terms

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Tianan Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tianan Technology Group Ltd (OTCPK:TANAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 743, Taopu Road, Room 501, Putuo District, Shanghai, CHN

Website

Tianan Technology Group Ltd is focused on graphene production enterprises and is engaged in the health therapy industry. It utilizes the far-infrared heat therapy characteristics of graphene, which is incorporated into its products. Its products include Graphene Far Infrared Energy Room, Pure Graphene Heating Music Blanket, Graphene Pillow, Pure Graphene Heating Knee Compartment, Pure Graphene Heating Knee Pads, Pure Graphene Eye Mask etc. The Company operates in two reportable business segments: Healthcare and Motor Controller.

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