TGI Infrastructures (XTAE:TGI) Receivables Turnover : 1.70 (As of Dec. 2023)

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What is TGI Infrastructures 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. TGI Infrastructures's Revenue for the six months ended in Dec. 2023 was ₪87.7 Mil. TGI Infrastructures's average Accounts Receivable for the six months ended in Dec. 2023 was ₪51.6 Mil. Hence, TGI Infrastructures's Receivables Turnover for the six months ended in Dec. 2023 was 1.70.

TGI Infrastructures Receivables Turnover Historical Data

The historical data trend for TGI Infrastructures'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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TGI Infrastructures Receivables Turnover Chart

TGI Infrastructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.84

8.02

8.91

7.21

4.89

TGI Infrastructures Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.86	2.12	2.44	1.92	1.70

Competitive Comparison of TGI Infrastructures's Receivables Turnover

For the Auto Parts subindustry, TGI Infrastructures'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 Infrastructures's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TGI Infrastructures's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TGI Infrastructures's Receivables Turnover falls into.

TGI Infrastructures Receivables Turnover Calculation

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

TGI Infrastructures'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 )
=	183.917	/ (	(36.159	+	39.123)	/	2 )
=	183.917	/	37.641
=	4.89

TGI Infrastructures'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	87.665	/ (	(63.997	+	39.123)	/	2 )
=	87.665	/	51.56
=	1.70

TGI Infrastructures (XTAE:TGI) 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 Infrastructures Receivables Turnover Related Terms

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TGI Infrastructures (XTAE:TGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TGI Infrastructures Ltd (XTAE:TGI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alon Tavor Industrial Area, POB 2001, Afula, ISR, 1812001

Website

http://www.tadirgan.co.il

TGI Infrastructures Ltd, formerly Tadir-Gan (Precision Products) 1993 Ltd manufactures machined and assembled aluminum high-pressure die cast products. Its product categories include Aluminium and Magnesium products. The company's products include powertrain, transmission, steering, structural products, oil pans, valve covers, transmission parts, and other products.