TUI AG (LSE:TUI) Receivables Turnover : 6.14 (As of Dec. 2023)

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What is TUI AG 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. TUI AG's Revenue for the three months ended in Dec. 2023 was £3,707 Mil. TUI AG's average Accounts Receivable for the three months ended in Dec. 2023 was £603 Mil. Hence, TUI AG's Receivables Turnover for the three months ended in Dec. 2023 was 6.14.

TUI AG Receivables Turnover Historical Data

The historical data trend for TUI AG'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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TUI AG Receivables Turnover Chart

TUI AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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26.87

21.97

22.51

50.61

50.63

TUI AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.78	3.58	4.90	10.19	6.14

Competitive Comparison of TUI AG's Receivables Turnover

For the Travel Services subindustry, TUI AG'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.

TUI AG's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TUI AG's Receivables Turnover distribution charts can be found below:

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

TUI AG Receivables Turnover Calculation

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

TUI AG's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	17820.755	/ (	(349.004	+	354.934)	/	2 )
=	17820.755	/	351.969
=	50.63

TUI AG'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3706.625	/ (	(354.934	+	851.856)	/	2 )
=	3706.625	/	603.395
=	6.14

TUI AG (LSE:TUI) 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.

TUI AG Receivables Turnover Related Terms

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TUI AG (LSE:TUI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TUI AG (LSE:TUI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TUIFF:USA 1TUI1U:Italy TUIl:UK TUI1:Germany

Address

Karl-Wiechert-Allee 4, Hannover, SN, DEU, 30625

Website

https://www.tuigroup.com

TUI AG is a leisure and tourism company that operates airlines, cruises, tours, hotels, and resorts globally. The company organizes itself into six segments: Northern region, Central region, Western region, hotels and resorts, TUI Musement and cruises. Northern region principally comprises TUI's tour operators, airlines, and cruise business in the U.K., Ireland, and the Nordics. Central region includes the company's tour operators in Germany, Australia, Switzerland, and Poland, and the TUI fly airline. Western region includes TUI tour operators and airlines in Belgium and the Netherlands, and tour operators in France. The Northern, Central, and Western regions are the segments by revenue, in that order, and collectively constitute the vast majority of revenue.

Executives

Alexey A. Mordashov

Supervisory Board

TUI AG (LSE:TUI) Headlines

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