TSL (XZIM:TSL.ZW) Receivables Turnover : 2.62 (As of Oct. 2024)

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What is TSL 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. TSL's Revenue for the six months ended in Oct. 2024 was ZWG454.1 Mil. TSL's average Accounts Receivable for the six months ended in Oct. 2024 was ZWG173.0 Mil. Hence, TSL's Receivables Turnover for the six months ended in Oct. 2024 was 2.62.

TSL Receivables Turnover Historical Data

The historical data trend for TSL'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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TSL Receivables Turnover Chart

TSL Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct23

Oct24

Receivables Turnover

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7.74

7.21

9.52

7.48

7.04

TSL Semi-Annual Data
	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Apr23	Oct23	Apr24	Oct24
Receivables Turnover	Get a 7-Day Free Trial															3.35	1.26	-	2.61	2.62

Competitive Comparison of TSL's Receivables Turnover

For the Conglomerates subindustry, TSL'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.

TSL's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, TSL's Receivables Turnover distribution charts can be found below:

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

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TSL Receivables Turnover Calculation

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

TSL's Receivables Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Receivables Turnover (A: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2024 )	/ (	(Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )
=	990.056	/ (	(0	+	140.716)	/	1 )
=	990.056	/	140.716
=	7.04

TSL's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Apr. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	454.053	/ (	(205.331	+	140.716)	/	2 )
=	454.053	/	173.0235
=	2.62

TSL (XZIM:TSL.ZW) 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.

TSL Receivables Turnover Related Terms

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TSL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » TSL Ltd (XZIM:TSL.ZW) » Definitions » Receivables Turnover

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Address

28 Simon Mazorodze Road, Southerton, Harare, ZWE

Website

https://www.tsl.co.zw

TSL Ltd provides agricultural inputs (fertilizer, chemicals, and packaging), farming, end-to-end logistics solutions, commodity marketing platforms, and industrial real estate. It has four reportable segments namely, the Logistics cluster offers end-to-end logistics services including warehousing and storage facilities, inland terminal and port services, transport, vehicle rental, distribution, and customs clearing. The Agriculture cluster is involved in the auctioning, packaging, production, and retailing of agricultural commodities. The Real estate cluster is involved in the rental and development of industrial properties. The Services cluster provides group activities and shared services in finance and treasury, human resources, procurement, and information technology.

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