TSPG (TGI Solar Power Group) Receivables Turnover: 0.00 (As of Jul. 2023)


What is TGI Solar Power Group Receivables Turnover?

TGI Solar Power Group TSPG +3.45% Receivables Turnover is 0.00 as of Jul. 2023.

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. TGI Solar Power Group's Revenue for the six months ended in Jul. 2023 was $0.02 Mil. TGI Solar Power Group's average Accounts Receivable for the six months ended in Jul. 2023 was $0.00 Mil.

TGI Solar Power Group  (OTCPK:TSPG) 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.

TGI Solar Power Group Receivables Turnover Related Terms

TGI Solar Power Group Receivables Turnover Historical Data

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The historical data trend for TGI Solar Power 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.

TGI Solar Power Group Receivables Turnover Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
Receivables Turnover
0.00 0.00 0.00 0.00 0.00

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
Receivables Turnover 0.00 0.00 0.00 0.00 0.00

TSPG vs ASTI, PTOS, GSLR: Receivables Turnover Comparison

For the Solar subindustry, TGI Solar Power 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.

TGI Solar Power Group Receivables Turnover vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TGI Solar Power Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TGI Solar Power Group's Receivables Turnover falls into.


TGI Solar Power Group Receivables Turnover Calculation

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

TGI Solar Power Group's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Receivables Turnover (A: Jul. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jul. 2023 ) / ((Accounts Receivable (A: Jul. 2022 ) + Accounts Receivable (A: Jul. 2023 )) / count )
=0.023 / ((0 + 0) / 1 )
=0.023 / 0
=N/A

TGI Solar Power Group's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

Receivables Turnover (Q: Jul. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jul. 2023 ) / ((Accounts Receivable (Q: Jul. 2022 ) + Accounts Receivable (Q: Jul. 2023 )) / count )
=0.023 / ((0 + 0) / 1 )
=0.023 / 0
=N/A

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.00 mean?
TGI Solar Power Group (TSPG) has a Receivables Turnover of 0.00 as of Jul. 2023. 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 TGI Solar Power Group and its competitors.
Is TGI Solar Power Group's Receivables Turnover too high?
TGI Solar Power Group's current Receivables Turnover is 0.00.
How does TGI Solar Power Group's Receivables Turnover compare to ASTI and PTOS?
TGI Solar Power Group's Receivables Turnover of 0.00 can be compared against companies in the Semiconductors industry. The industry median Receivables Turnover is 5.82. 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 Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,017 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. 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 TGI Solar Power Group and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGI Solar Power Group's current Receivables Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGI Solar Power Group stock overvalued right now?
TGI Solar Power Group (TSPG) has a current Receivables Turnover of 0.00. The current Receivables Turnover is 0.00. 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 TGI Solar Power Group (TSPG), the current Receivables Turnover is 0.00 as of Jul. 2023. 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.

TGI Solar Power Group Business Description

Address 1801 North East 123rd Street, North Miami, FL, USA, 33181
TGI Solar Power Group Inc is a diversified holding company. The company offers its products and services to clients of various countries and maintains JVs and strategic alliances with installation, integration and energy consulting firms. It focuses on acquiring and developing patented technologies and processes with commercial value.