Tess Holdings Co (Tess Holdings Co) Receivables Turnover : 3.87 (As of Dec. 2023)

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What is Tess Holdings Co 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. Tess Holdings Co's Revenue for the three months ended in Dec. 2023 was $61.45 Mil. Tess Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was $15.89 Mil. Hence, Tess Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 3.87.

Tess Holdings Co Receivables Turnover Historical Data

The historical data trend for Tess Holdings Co'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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Tess Holdings Co Receivables Turnover Chart

Tess Holdings Co Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

10.70

8.25

6.65

6.86

12.79

Tess Holdings Co Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										2.70	2.19	3.31	2.52	3.87

Competitive Comparison of Tess Holdings Co's Receivables Turnover

For the Utilities - Renewable subindustry, Tess Holdings Co'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.

Tess Holdings Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tess Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tess Holdings Co's Receivables Turnover falls into.

Tess Holdings Co Receivables Turnover Calculation

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

Tess Holdings Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	243.46	/ (	(20.901	+	17.155)	/	2 )
=	243.46	/	19.028
=	12.79

Tess Holdings Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	61.445	/ (	(16.226	+	15.558)	/	2 )
=	61.445	/	15.892
=	3.87

Tess Holdings Co (OTCPK:TSSHF) 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.

Tess Holdings Co Receivables Turnover Related Terms

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Tess Holdings Co (Tess Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tess Holdings Co Ltd (OTCPK:TSSHF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

5074:Japan

Address

6-1-1 Nishinakajima, Yodogawa-ku, Shin-Osaka Prime Tower, Osaka, JPN, 532-0011

Website

https://www.tess-hd.co.jp

Tess Holdings Co Ltd is engaged in the development and electricity sales of renewable power plants and power retailing business. Further, it is also involved in the operation and maintenance of cogeneration and other environmental energy-saving systems.

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