Tianjin Teda Co (SZSE:000652) Receivables Turnover : 0.49 (As of Mar. 2024)

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What is Tianjin Teda Co 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. Tianjin Teda Co's Revenue for the three months ended in Mar. 2024 was ¥4,451 Mil. Tianjin Teda Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9,155 Mil. Hence, Tianjin Teda Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.49.

Tianjin Teda Co Receivables Turnover Historical Data

The historical data trend for Tianjin Teda Co'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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Tianjin Teda Co Receivables Turnover Chart

Tianjin Teda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.46

3.21

3.79

2.87

2.45

Tianjin Teda Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.57	0.50	0.52	0.89	0.49

Competitive Comparison of Tianjin Teda Co's Receivables Turnover

For the Conglomerates subindustry, Tianjin Teda Co'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.

Tianjin Teda Co's Receivables Turnover Distribution in the Conglomerates Industry

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

* The bar in red indicates where Tianjin Teda Co's Receivables Turnover falls into.

Tianjin Teda Co Receivables Turnover Calculation

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

Tianjin Teda Co'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 )
=	21067.935	/ (	(7975.287	+	9190.77)	/	2 )
=	21067.935	/	8583.0285
=	2.45

Tianjin Teda Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4451.265	/ (	(9190.77	+	9118.615)	/	2 )
=	4451.265	/	9154.6925
=	0.49

Tianjin Teda Co (SZSE:000652) 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.

Tianjin Teda Co Receivables Turnover Related Terms

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Tianjin Teda Co (SZSE:000652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Teda Co Ltd (SZSE:000652) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 62, Second Avenue, Binhai New Area, 16th Floor, MSD-B1, TEDA, Tianjin, CHN

Website

http://www.tedastock.com

Tianjin Teda Co Ltd is a China-based company engaged in the business of different sectors such as eco-friendly sector, regional development sector, energy trading sector, clean material sector and equity investment sector. In the eco-friendly sector, the company is involved in the provision of waste management services such as burial repair and utilization, domestic garbage collection and transportation, carry out services such as harmless treatment of domestic garbage, waste incineration power generation and others. In the energy trading sector, the company is involved in the wholesale of refined oil products, petrochemical products production and processing, warehousing trade business.

Tianjin Teda Co (SZSE:000652) Headlines

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