TCHBF (Tecan Group AG) Receivables Turnover : 3.05 (As of Jun. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Tecan Group AG 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. Tecan Group AG's Revenue for the six months ended in Jun. 2024 was $523 Mil. Tecan Group AG's average Accounts Receivable for the six months ended in Jun. 2024 was $171 Mil. Hence, Tecan Group AG's Receivables Turnover for the six months ended in Jun. 2024 was 3.05.

Tecan Group AG Receivables Turnover Historical Data

The historical data trend for Tecan Group AG'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.

Tecan Group AG Receivables Turnover Chart

Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.64

6.28

7.41

7.98

7.06

Tecan Group AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															4.10	3.73	3.71	3.64	3.05

Competitive Comparison of Tecan Group AG's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.

Tecan Group AG's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Tecan Group AG's Receivables Turnover falls into.

Tecan Group AG Receivables Turnover Calculation

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

Tecan Group AG'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 )
=	1242.352	/ (	(168.35	+	183.484)	/	2 )
=	1242.352	/	175.917
=	7.06

Tecan Group AG's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	522.664	/ (	(183.484	+	159.093)	/	2 )
=	522.664	/	171.2885
=	3.05

Tecan Group AG (OTCPK:TCHBF) 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.

Tecan Group AG Receivables Turnover Related Terms

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

Tecan Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (OTCPK:TCHBF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TECNz:UK 0QLN:UK TECN:Switzerland

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life sciences research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.