TTNDF (Techtronic Industries Co) Receivables Turnover : 3.61 (As of Jun. 2024)

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What is Techtronic Industries 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. Techtronic Industries Co's Revenue for the six months ended in Jun. 2024 was $7,312 Mil. Techtronic Industries Co's average Accounts Receivable for the six months ended in Jun. 2024 was $2,024 Mil. Hence, Techtronic Industries Co's Receivables Turnover for the six months ended in Jun. 2024 was 3.61.

Techtronic Industries Co Receivables Turnover Historical Data

The historical data trend for Techtronic Industries 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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Techtronic Industries Co Receivables Turnover Chart

Techtronic Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.79

7.92

8.21

7.77

8.55

Techtronic Industries Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															3.53	3.47	3.97	3.74	3.61

Competitive Comparison of Techtronic Industries Co's Receivables Turnover

For the Tools & Accessories subindustry, Techtronic Industries 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.

Techtronic Industries Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Techtronic Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Techtronic Industries Co's Receivables Turnover falls into.

Techtronic Industries Co Receivables Turnover Calculation

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

Techtronic Industries Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	13731.411	/ (	(1506.285	+	1706.406)	/	2 )
=	13731.411	/	1606.3455
=	8.55

Techtronic Industries Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	7311.988	/ (	(1706.406	+	2341.965)	/	2 )
=	7311.988	/	2024.1855
=	3.61

Techtronic Industries Co (OTCPK:TTNDF) 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.

Techtronic Industries Co Receivables Turnover Related Terms

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Techtronic Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techtronic Industries Co Ltd (OTCPK:TTNDF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TTNDY:USA 00669:Hong Kong TIB1:Germany

Address

51 Kwai Cheong Road, 29th Floor, Tower 2, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.ttigroup.com

Techtronic Industries Co Ltd is a designer and manufacturer of power tools. It operates in two segments namely Power Equipment and Floorcare and Cleaning. The company generates maximum revenue from the Power Equipment segment. Its Power Equipment segment includes sales of power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users. The products are available under the MILWAUKEE, EMPIRE, AEG, RYOBI, and HOMELITE brands plus original equipment manufacturer (OEM) customers. Geographically, it derives a majority of its revenue from North America.