TUT Fitness Group (TSXV:GYM) Receivables Turnover : 4.11 (As of Mar. 2024)

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What is TUT Fitness Group 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. TUT Fitness Group's Revenue for the three months ended in Mar. 2024 was C$0.07 Mil. TUT Fitness Group's average Accounts Receivable for the three months ended in Mar. 2024 was C$0.02 Mil. Hence, TUT Fitness Group's Receivables Turnover for the three months ended in Mar. 2024 was 4.11.

TUT Fitness Group Receivables Turnover Historical Data

The historical data trend for TUT Fitness 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.

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TUT Fitness Group Receivables Turnover Chart

TUT Fitness Group Annual Data

Trend

Sep21

Sep22

Sep23

Receivables Turnover

TUT Fitness Group Quarterly Data
	Aug20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							1.79	2.24	2.19	1.25	4.11

Competitive Comparison of TUT Fitness Group's Receivables Turnover

For the Leisure subindustry, TUT Fitness 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.

TUT Fitness Group's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TUT Fitness Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TUT Fitness Group's Receivables Turnover falls into.

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TUT Fitness Group Receivables Turnover Calculation

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

TUT Fitness Group's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	0.223	/ (	(0	+	0)	/	1 )
=	0.223	/	0
=	N/A

TUT Fitness Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.074	/ (	(0	+	0.018)	/	1 )
=	0.074	/	0.018
=	4.11

TUT Fitness Group (TSXV:GYM) 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.

TUT Fitness Group Receivables Turnover Related Terms

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TUT Fitness Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TUT Fitness Group Inc (TSXV:GYM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

17277, 56 Avenue, Suite 112, Surrey, BC, CAN, V3S 1C2

Website

https://www.tutfitnessgroup.com

TUT Fitness Group Inc is a fitness company. engaged in design, development, and distribution of patented fitness equipment. It designs and manufactures the smallest, more affordable, high-performance home gyms, that can be assembled and disassembled in minutes, and stored almost anywhere.

Executives

Anthony John Guy Dutton	Director
Robert Douglas Smith	Director, Senior Officer
Aaron Edward Fader	Director or Senior Officer of 10% Security Holder, Senior Officer

TUT Fitness Group Headlines

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