TC Energy (TSX:TRP) Receivables Turnover : 0.44 (As of Dec. 2024)

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What is TC Energy 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. TC Energy's Revenue for the three months ended in Dec. 2024 was C$1,360 Mil. TC Energy's average Accounts Receivable for the three months ended in Dec. 2024 was C$3,069 Mil. Hence, TC Energy's Receivables Turnover for the three months ended in Dec. 2024 was 0.44.

TC Energy Receivables Turnover Historical Data

The historical data trend for TC Energy'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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TC Energy Receivables Turnover Chart

TC Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.67

5.10

3.67

4.39

5.47

TC Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.52	1.28	0.99	1.08	0.44

Competitive Comparison of TC Energy's Receivables Turnover

For the Oil & Gas Midstream subindustry, TC Energy'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.

TC Energy's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TC Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TC Energy's Receivables Turnover falls into.

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TC Energy Receivables Turnover Calculation

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

TC Energy's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	13771	/ (	(2427	+	2611)	/	2 )
=	13771	/	2519
=	5.47

TC Energy's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1360	/ (	(3526	+	2611)	/	2 )
=	1360	/	3068.5
=	0.44

TC Energy (TSX:TRP) 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.

TC Energy Receivables Turnover Related Terms

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TC Energy Business Description

Industry

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Address

1 Street S.W, Suite 450, Calgary, AB, CAN, T2P 5H1

Website

https://www.tcenergy.com

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.

Executives

Alexis A.j. Hudy	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Sorana Linder	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patrick C. Muttart	Senior Officer
Tina Faraca	Senior Officer
Robert Black	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jessica A. Kirstine	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jawad Masud	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Gillian J. Eiriksson	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Dawn Elizabeth De Lima	Senior Officer
Joshua Gibbon	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patrick M. Keys	Senior Officer
Gavin E. Wylie	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Rachid Medarhri	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Colin Lindley	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Trevor Ebl	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)