Tian Ruixiang Holdings (Tian Ruixiang Holdings) Receivables Turnover : 8.79 (As of Apr. 2023)

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What is Tian Ruixiang Holdings 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. Tian Ruixiang Holdings's Revenue for the six months ended in Apr. 2023 was $0.73 Mil. Tian Ruixiang Holdings's average Accounts Receivable for the six months ended in Apr. 2023 was $0.08 Mil. Hence, Tian Ruixiang Holdings's Receivables Turnover for the six months ended in Apr. 2023 was 8.79.

Tian Ruixiang Holdings Receivables Turnover Historical Data

The historical data trend for Tian Ruixiang Holdings'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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Tian Ruixiang Holdings Receivables Turnover Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Receivables Turnover

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16.38

9.14

4.58

3.56

7.27

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Receivables Turnover	Get a 7-Day Free Trial							2.04	3.39	4.53	5.49	8.79

Competitive Comparison of Tian Ruixiang Holdings's Receivables Turnover

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Receivables Turnover falls into.

Tian Ruixiang Holdings Receivables Turnover Calculation

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

Tian Ruixiang Holdings's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Receivables Turnover (A: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2022 )	/ (	(Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )
=	1.352	/ (	(0.321	+	0.051)	/	2 )
=	1.352	/	0.186
=	7.27

Tian Ruixiang Holdings's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

	Receivables Turnover (Q: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Apr. 2023 ))	/	count )
=	0.725	/ (	(0.051	+	0.114)	/	2 )
=	0.725	/	0.0825
=	8.79

Tian Ruixiang Holdings (NAS:TIRX) 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.

Tian Ruixiang Holdings Receivables Turnover Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.