Trina Solar Co (Trina Solar Co) Receivables Turnover : 1.09 (As of Mar. 2024)

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What is Trina Solar 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. Trina Solar Co's Revenue for the three months ended in Mar. 2024 was $2,535 Mil. Trina Solar Co's average Accounts Receivable for the three months ended in Mar. 2024 was $2,319 Mil. Hence, Trina Solar Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.09.

Trina Solar Co Receivables Turnover Historical Data

The historical data trend for Trina Solar 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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Trina Solar Co Receivables Turnover Chart

Trina Solar Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.86

6.86

7.24

7.68

7.17

Trina Solar 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															1.55	1.75	1.68	1.70	1.09

Competitive Comparison of Trina Solar Co's Receivables Turnover

For the Solar subindustry, Trina Solar 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.

Trina Solar Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Trina Solar Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Trina Solar Co's Receivables Turnover falls into.

Trina Solar Co Receivables Turnover Calculation

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

Trina Solar 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 )
=	15880.757	/ (	(1894.804	+	2533.446)	/	2 )
=	15880.757	/	2214.125
=	7.17

Trina Solar 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 )
=	2535.019	/ (	(2533.446	+	2105.472)	/	2 )
=	2535.019	/	2319.459
=	1.09

Trina Solar Co (NYSE:TSL) 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.

Trina Solar Co Receivables Turnover Related Terms

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Trina Solar Co (Trina Solar Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trina Solar Co Ltd (NYSE:TSL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

688599:China

Address

No.2 Tianhe Road, Trina PV Industrial Park, Xinbei District, Jiangsu, CHN, 213031

Website

https://www.trinasolar.com

Trina Solar Co Ltd is engaged in manufacturing photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects, among others; smart energy business includes photovoltaic power generation, operation, and management of the photovoltaic power station, research and sales of the smart microgrid and multi-energy systems, and operation of the energy cloud platform, among others.

Executives

Platinum Investment Management Ltd

10 percent owner

C/O PLATINUM ASSET MANAGEMENT, LEVEL 8, 7 MACQUARIE PLACE, SYDNEY AUSTRALIA 2000 C3 00000