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Tabcorp Holdings (Tabcorp Holdings) Receivables Turnover : 9.66 (As of Dec. 2023)


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What is Tabcorp 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. Tabcorp Holdings's Revenue for the six months ended in Dec. 2023 was $816 Mil. Tabcorp Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $84 Mil. Hence, Tabcorp Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 9.66.


Tabcorp Holdings Receivables Turnover Historical Data

The historical data trend for Tabcorp 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.

* Premium members only.

Tabcorp Holdings Receivables Turnover Chart

Tabcorp Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.56 96.38 86.93 25.08 24.78

Tabcorp Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.55 - 7.91 6.77 9.66

Competitive Comparison of Tabcorp Holdings's Receivables Turnover

For the Gambling subindustry, Tabcorp 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.


Tabcorp Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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



Tabcorp Holdings Receivables Turnover Calculation

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

Tabcorp 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 )
=1633.826 / ((62.684 + 69.195) / 2 )
=1633.826 / 65.9395
=24.78

Tabcorp 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 )
=816.265 / ((69.195 + 99.799) / 2 )
=816.265 / 84.497
=9.66

* 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.


Tabcorp Holdings  (OTCPK:TACBY) 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.


Tabcorp Holdings Receivables Turnover Related Terms

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Tabcorp Holdings (Tabcorp Holdings) Business Description

Traded in Other Exchanges
Address
727 Collins Street, Level 19, Tower 2, Collins Square, Melbourne, VIC, AUS, 3008
Tabcorp now operates through principally two segments: wagering and media and gaming services, with the lottery and keno businesses demerged on May 24, 2022. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Tabcorp Gaming Solutions provides services to electronic gaming machine venues.