Tam Jai International Co (HKSE:02217) Receivables Turnover : 72.88 (As of Sep. 2023)

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What is Tam Jai International 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. Tam Jai International Co's Revenue for the six months ended in Sep. 2023 was HK$1,387 Mil. Tam Jai International Co's average Accounts Receivable for the six months ended in Sep. 2023 was HK$19 Mil. Hence, Tam Jai International Co's Receivables Turnover for the six months ended in Sep. 2023 was 72.88.

Tam Jai International Co Receivables Turnover Historical Data

The historical data trend for Tam Jai International 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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Tam Jai International Co Receivables Turnover Chart

Tam Jai International Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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324.54

155.76

151.07

158.03

104.04

Tam Jai International Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					75.78	80.58	78.12	72.88	49.26

Competitive Comparison of Tam Jai International Co's Receivables Turnover

For the Restaurants subindustry, Tam Jai International 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.

Tam Jai International Co's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tam Jai International Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tam Jai International Co's Receivables Turnover falls into.

Tam Jai International Co Receivables Turnover Calculation

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

Tam Jai International Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	2594.613	/ (	(15.014	+	17.822)	/	2 )
=	2594.613	/	16.418
=	158.03

Tam Jai International Co'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 )
=	1387.369	/ (	(17.822	+	20.251)	/	2 )
=	1387.369	/	19.0365
=	72.88

Tam Jai International Co (HKSE:02217) 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.

Tam Jai International Co Receivables Turnover Related Terms

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Tam Jai International Co (HKSE:02217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tam Jai International Co Ltd (HKSE:02217) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

29S:Germany

Address

No. 9 Cheung Yee Street, 8th Floor of D2 Place ONE, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.tamjai-intl.com

Tam Jai International Co Ltd is a chain restaurant operator for fast casual restaurant chains, with operations in Mainland China and Singapore. It generates maximum revenue from Hong Kong.

Executives

Awata Takaya	2201 Interest of corporation controlled by you
Awata Toshimi	2202 Interest of your spouse
Toridoll Holding Limited	2101 Beneficial owner
Toridoll Holdings Corporation	2201 Interest of corporation controlled by you

Tam Jai International Co (HKSE:02217) Headlines

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