Port of Tauranga (NZSE:POT) Receivables Turnover : 3.11 (As of Dec. 2023)

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What is Port of Tauranga 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. Port of Tauranga's Revenue for the six months ended in Dec. 2023 was NZ$199.7 Mil. Port of Tauranga's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$64.1 Mil. Hence, Port of Tauranga's Receivables Turnover for the six months ended in Dec. 2023 was 3.11.

Port of Tauranga Receivables Turnover Historical Data

The historical data trend for Port of Tauranga'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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Port of Tauranga Receivables Turnover Chart

Port of Tauranga Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.92

5.61

6.57

6.65

7.14

Port of Tauranga Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.16	3.32	3.35	3.09	3.11

Competitive Comparison of Port of Tauranga's Receivables Turnover

For the Marine Shipping subindustry, Port of Tauranga'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.

Port of Tauranga's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Port of Tauranga's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Port of Tauranga's Receivables Turnover falls into.

Port of Tauranga Receivables Turnover Calculation

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

Port of Tauranga's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	420.02	/ (	(54.548	+	63.136)	/	2 )
=	420.02	/	58.842
=	7.14

Port of Tauranga's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	199.688	/ (	(63.136	+	65.077)	/	2 )
=	199.688	/	64.1065
=	3.11

Port of Tauranga (NZSE:POT) 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.

Port of Tauranga Receivables Turnover Related Terms

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Port of Tauranga (NZSE:POT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Port of Tauranga Ltd (NZSE:POT) » Definitions » Receivables Turnover

Traded in Other Exchanges

PKF1:Germany

Address

Salisbury Avenue, Private Bag 12504, Tauranga Mail Centre, Mount Maunganui, Tauranga, NTL, NZL, 3143

Website

https://www.port-tauranga.co.nz

The Port of Tauranga Limited, situated in the Bay of Plenty on the east coast of New Zealand, is the country's largest port, handling both container and break bulk cargo. It is involved in export and import of cargo and runs a rail link through to Auckland. The biggest commodities traded through the port are logs and forestry, dairy, fertilizers, oil and coal. The firm's principal activities also include the leasing of land and buildings.

Port of Tauranga (NZSE:POT) Headlines

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