Tasty (LSE:TAST) Receivables Turnover : 16.58 (As of Jun. 2023)

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What is Tasty 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. Tasty's Revenue for the six months ended in Jun. 2023 was £21.72 Mil. Tasty's average Accounts Receivable for the six months ended in Jun. 2023 was £1.31 Mil. Hence, Tasty's Receivables Turnover for the six months ended in Jun. 2023 was 16.58.

Tasty Receivables Turnover Historical Data

The historical data trend for Tasty'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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Tasty Receivables Turnover Chart

Tasty Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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25.70

23.43

94.64

153.11

265.22

Tasty Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															14.16	28.96	13.62	14.66	16.58

Competitive Comparison of Tasty's Receivables Turnover

For the Restaurants subindustry, Tasty'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.

Tasty's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tasty's Receivables Turnover distribution charts can be found below:

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

Tasty Receivables Turnover Calculation

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

Tasty's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	44.027	/ (	(0.211	+	0.121)	/	2 )
=	44.027	/	0.166
=	265.22

Tasty's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	21.724	/ (	(0.121	+	2.499)	/	2 )
=	21.724	/	1.31
=	16.58

Tasty (LSE:TAST) 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.

Tasty Receivables Turnover Related Terms

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Tasty (LSE:TAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tasty PLC (LSE:TAST) » Definitions » Receivables Turnover

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T9V:Germany

Address

32 Charlotte Street, London, GBR, WC1T 2NQ

Website

https://www.dimt.co.uk

Tasty PLC is engaged in the operations of restaurants. It operates in the UK restaurant market with more than 50 restaurants in operation. The company's restaurant chain operates under the brand name of DimTs, Wildwoods and Wildwood Kitchens. The restaurants are located across the UK at Plymouth, Hereford, Telford, Chichester, Taunton, Worcester, Port Solent, Brentwood, Whiteley, Kingston, and Liverpool.