GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topps Tiles PLC (OTCPK:TPTJF) » Definitions » Receivables Turnover

Topps Tiles (Topps Tiles) Receivables Turnover : 33.07 (As of Sep. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Topps Tiles 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. Topps Tiles's Revenue for the six months ended in Sep. 2023 was $163.9 Mil. Topps Tiles's average Accounts Receivable for the six months ended in Sep. 2023 was $5.0 Mil. Hence, Topps Tiles's Receivables Turnover for the six months ended in Sep. 2023 was 33.07.


Topps Tiles Receivables Turnover Historical Data

The historical data trend for Topps Tiles'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.

Topps Tiles Receivables Turnover Chart

Topps Tiles Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 198.52 120.10 133.30 98.06 104.73

Topps Tiles Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 44.23 32.96 26.40 29.11 33.07

Competitive Comparison of Topps Tiles's Receivables Turnover

For the Home Improvement Retail subindustry, Topps Tiles'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.


Topps Tiles's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Topps Tiles's Receivables Turnover distribution charts can be found below:

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



Topps Tiles Receivables Turnover Calculation

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

Topps Tiles'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 )
=325.141 / ((3.582 + 2.627) / 2 )
=325.141 / 3.1045
=104.73

Topps Tiles's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=163.866 / ((7.284 + 2.627) / 2 )
=163.866 / 4.9555
=33.07

* 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.


Topps Tiles  (OTCPK:TPTJF) 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.


Topps Tiles Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Topps Tiles's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Topps Tiles (Topps Tiles) Business Description

Traded in Other Exchanges
Address
Thorpe Way, Grove Park, Enderby, Leicestershire, GBR, LE19 1SU
Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company generates the majority of its revenues from sales in the UK.

Topps Tiles (Topps Tiles) Headlines

No Headlines