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Tahoe Group Co (SZSE:000732) Receivables Turnover : 2.82 (As of Mar. 2023)


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What is Tahoe Group 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. Tahoe Group Co's Revenue for the three months ended in Mar. 2023 was ¥969 Mil. Tahoe Group Co's average Accounts Receivable for the three months ended in Mar. 2023 was ¥344 Mil. Hence, Tahoe Group Co's Receivables Turnover for the three months ended in Mar. 2023 was 2.82.


Tahoe Group Co Receivables Turnover Historical Data

The historical data trend for Tahoe Group 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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Tahoe Group Co Receivables Turnover Chart

Tahoe Group Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.10 17.78 3.14 7.24 20.21

Tahoe Group Co Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 4.50 2.55 6.16 2.82

Competitive Comparison of Tahoe Group Co's Receivables Turnover

For the Real Estate - Development subindustry, Tahoe Group 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.


Tahoe Group Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tahoe Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tahoe Group Co's Receivables Turnover falls into.



Tahoe Group Co Receivables Turnover Calculation

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

Tahoe Group Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=8802.848 / ((527.661 + 343.346) / 2 )
=8802.848 / 435.5035
=20.21

Tahoe Group Co's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

Receivables Turnover (Q: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Mar. 2023 )) / count )
=969.247 / ((343.346 + 345.075) / 2 )
=969.247 / 344.2105
=2.82

* 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.


Tahoe Group Co  (SZSE:000732) 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.


Tahoe Group Co Receivables Turnover Related Terms

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Tahoe Group Co (SZSE:000732) Business Description

Traded in Other Exchanges
N/A
Address
No. 9 East Second Ring Road, Cross Island Road, Taihe square, Taihe center, 20-31 layer, Jinan District, Fuzhou, CHN, 350001
Tahoe Group Co Ltd is a real estate development company. The portfolio owned by the firm includes office buildings, hotel apartments, and commercial pedestrian streets. Geographically, the business operations of the company are located across China mainly in Beijing and Shanghai.
Executives
Shen Li Nan Executives
Ge Yong Directors, executives
Zhu Jin Kang Executives
Huang Qi Sen Directors, executives
Ding Yu Kun Supervisors

Tahoe Group Co (SZSE:000732) Headlines

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