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. Tongcheng Travel Holdings's Revenue for the
three
months ended in Mar. 2026 was $726 Mil. Tongcheng Travel Holdings's average Accounts Receivable for the
three
months ended in Mar. 2026 was $343 Mil.
Hence, Tongcheng Travel Holdings's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.12.
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.
Tongcheng Travel Holdings Receivables Turnover Related Terms
Tongcheng Travel Holdings Receivables Turnover Historical Data
* 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.
TNGCF vs BKNG, ABNB, RCL: Receivables Turnover Comparison
For the Travel Services subindustry, Tongcheng Travel Holdings'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.
Tongcheng Travel Holdings Receivables Turnover vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Tongcheng Travel Holdings's Receivables Turnover falls into.
* 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.
Tongcheng Travel Holdings (TNGCF) has a Receivables Turnover of 2.12 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 Tongcheng Travel Holdings and its competitors. According to the industry distribution chart, Tongcheng Travel Holdings ranks #518 out of 833 companies in the Travel & Leisure industry, placing it in the top 62.2%.
Is Tongcheng Travel Holdings' Receivables Turnover too high?
Tongcheng Travel Holdings' current Receivables Turnover is 2.12. The Travel & Leisure industry median Receivables Turnover is 14.09. Tongcheng Travel Holdings' value of 2.12 is 85% below this industry median. Based on the distribution chart, Tongcheng Travel Holdings ranks #518 out of 833 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Tongcheng Travel Holdings has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Tongcheng Travel Holdings' Receivables Turnover compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Tongcheng Travel Holdings ranks #518 out of 833 companies for Receivables Turnover. This places Tongcheng Travel Holdings in the lower half of its industry. The industry median Receivables Turnover is 14.09. Tongcheng Travel Holdings' value of 2.12 is 85% 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 Travel & Leisure company?
The median Receivables Turnover among Travel & Leisure companies is 14.09, based on 833 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. Tongcheng Travel Holdings's current Receivables Turnover of 2.12 is 85% 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 Tongcheng Travel Holdings and its competitors. For the Travel & Leisure industry, the median Receivables Turnover is 14.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongcheng Travel Holdings's current Receivables Turnover is 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongcheng Travel Holdings stock overvalued right now?
Tongcheng Travel Holdings (TNGCF) has a current Receivables Turnover of 2.12. The stock's GF Value™ is $5.68, compared to a current price of $2.80 — trading 50.7% below its estimated fair value. The current Receivables Turnover is 2.12 and 85% below the Travel & Leisure industry median of 14.09. Tongcheng Travel Holdings' overall GF Score™ is 86/100 with 3 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 Tongcheng Travel Holdings (TNGCF), the current Receivables Turnover is 2.12 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 Tongcheng Travel Holdings (TNGCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tongcheng Travel Holdings stock appears to be undervalued.
The current stock price of $2.80 is trading 50.7% below its estimated GF Value™ of $5.68.
Key valuation signals for TNGCF:
Receivables Turnover: 2.12
GF Value™: $5.68 vs. price of $2.80 (50.7% below fair value)
Industry Position: 85% below the Travel & Leisure median (#518 of 833)
No single metric tells the full story. See the TNGCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
86GF Score
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