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. TPI Composites's Revenue for the
three
months ended in Dec. 2024 was $347 Mil. TPI Composites's average Accounts Receivable for the
three
months ended in Dec. 2024 was $137 Mil.
Hence, TPI Composites's Receivables Turnover for the
three
months ended in Dec. 2024 was 2.52.
TPI Composites Receivables Turnover Historical Data
The historical data trend for TPI Composites'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 TPI Composites's Receivables Turnover
For the Specialty Industrial Machinery subindustry, TPI Composites'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.
TPI Composites's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, TPI Composites's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where TPI Composites's Receivables Turnover falls into.
TPI Composites Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
TPI Composites's Receivables Turnover for the fiscal year that ended in Dec. 2024 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.
TPI Composites Receivables Turnover Related Terms
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TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.
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