Top Shelf International Holdings (ASX:TSI) Receivables Turnover : 2.57 (As of Dec. 2023)

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What is Top Shelf International Holdings 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. Top Shelf International Holdings's Revenue for the six months ended in Dec. 2023 was A$15.23 Mil. Top Shelf International Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$5.93 Mil. Hence, Top Shelf International Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.57.

Top Shelf International Holdings Receivables Turnover Historical Data

The historical data trend for Top Shelf International Holdings'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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Top Shelf International Holdings Receivables Turnover Chart

Top Shelf International Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

3.57

3.47

4.50

Top Shelf International Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			1.51	2.06	2.01	1.84	2.57

Competitive Comparison of Top Shelf International Holdings's Receivables Turnover

For the Beverages - Brewers subindustry, Top Shelf International Holdings'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.

Top Shelf International Holdings's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Top Shelf International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Top Shelf International Holdings's Receivables Turnover falls into.

Top Shelf International Holdings Receivables Turnover Calculation

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

Top Shelf International Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	27.547	/ (	(6.443	+	5.796)	/	2 )
=	27.547	/	6.1195
=	4.50

Top Shelf International Holdings'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 )
=	15.226	/ (	(5.796	+	6.072)	/	2 )
=	15.226	/	5.934
=	2.57

Top Shelf International Holdings (ASX:TSI) 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.

Top Shelf International Holdings Receivables Turnover Related Terms

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Top Shelf International Holdings (ASX:TSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Top Shelf International Holdings Ltd (ASX:TSI) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

16-18 National Boulevard, Campbellfield, VIC, AUS, 3061

Website

https://www.topshelfgroup.com.au

Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.