Transaction Capital (JSE:TCP) Receivables Turnover : 2.40 (As of Mar. 2024)

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What is Transaction Capital 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. Transaction Capital's Revenue for the six months ended in Mar. 2024 was R3,255 Mil. Transaction Capital's average Accounts Receivable for the six months ended in Mar. 2024 was R1,357 Mil. Hence, Transaction Capital's Receivables Turnover for the six months ended in Mar. 2024 was 2.40.

Transaction Capital Receivables Turnover Historical Data

The historical data trend for Transaction Capital'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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Transaction Capital Receivables Turnover Chart

Transaction Capital Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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10.79

12.49

18.48

37.78

33.76

Transaction Capital Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															12.03	11.36	2.57	16.29	2.40

Competitive Comparison of Transaction Capital's Receivables Turnover

For the Credit Services subindustry, Transaction Capital'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.

Transaction Capital's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Transaction Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Transaction Capital's Receivables Turnover falls into.

Transaction Capital Receivables Turnover Calculation

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

Transaction Capital'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 )
=	28713	/ (	(832	+	869)	/	2 )
=	28713	/	850.5
=	33.76

Transaction Capital'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3255	/ (	(869	+	1844)	/	2 )
=	3255	/	1356.5
=	2.40

Transaction Capital (JSE:TCP) 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.

Transaction Capital Receivables Turnover Related Terms

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Transaction Capital (JSE:TCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Transaction Capital Ltd (JSE:TCP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

W55:Germany

Address

24 Cradock and Tyrwhitt Avenue, The Bank, 12th Floor, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.transactioncapital.co.za

Transaction Capital Ltd is an investment holding company. The company's operating segment includes SA Taxi; Nutun, WeBuyCars, and Group executive office. It generates maximum revenue from the WeBuyCars segment. WeBuyCars segment includes buyer, distributor, and retailer of vehicles, which also offers financial and other allied products. SA Taxi segment is engaged in a vertically integrated taxi platform incorporating a unique blend of vehicle procurement, retail, repossession and refurbishment capabilities with asset-backed developmental finance and insurance competencies for focused vehicle types.