Tegma Gestao Logistica (BSP:TGMA3) Receivables Turnover : 1.22 (As of Mar. 2024)

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What is Tegma Gestao Logistica 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. Tegma Gestao Logistica's Revenue for the three months ended in Mar. 2024 was R$389 Mil. Tegma Gestao Logistica's average Accounts Receivable for the three months ended in Mar. 2024 was R$320 Mil. Hence, Tegma Gestao Logistica's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.

Tegma Gestao Logistica Receivables Turnover Historical Data

The historical data trend for Tegma Gestao Logistica'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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Tegma Gestao Logistica Receivables Turnover Chart

Tegma Gestao Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.53

4.28

3.91

4.44

4.80

Tegma Gestao Logistica 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															1.17	1.40	1.57	1.45	1.22

Competitive Comparison of Tegma Gestao Logistica's Receivables Turnover

For the Trucking subindustry, Tegma Gestao Logistica'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.

Tegma Gestao Logistica's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tegma Gestao Logistica's Receivables Turnover falls into.

Tegma Gestao Logistica Receivables Turnover Calculation

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

Tegma Gestao Logistica'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 )
=	1583.468	/ (	(314.053	+	345.505)	/	2 )
=	1583.468	/	329.779
=	4.80

Tegma Gestao Logistica'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 )
=	389.171	/ (	(345.505	+	294.19)	/	2 )
=	389.171	/	319.8475
=	1.22

Tegma Gestao Logistica (BSP:TGMA3) 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.

Tegma Gestao Logistica Receivables Turnover Related Terms

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Tegma Gestao Logistica (BSP:TGMA3) Business Description

Industry

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Traded in Other Exchanges

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Address

Avenue Nicola Demarchi 2000, Bairro Demarchi, Sao Bernardo Do Campo, SP, BRA, 9820-655

Website

http://www.tegma.com.br

Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.

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