Tungray Technologies (Tungray Technologies) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Tungray Technologies 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. Tungray Technologies's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Tungray Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was $3.61 Mil.

Tungray Technologies Receivables Turnover Historical Data

The historical data trend for Tungray Technologies'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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Tungray Technologies Receivables Turnover Chart

Tungray Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.56

5.46

5.22

4.22

Tungray Technologies Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Tungray Technologies's Receivables Turnover

For the Metal Fabrication subindustry, Tungray Technologies'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.

Tungray Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tungray Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tungray Technologies's Receivables Turnover falls into.

Tungray Technologies Receivables Turnover Calculation

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

Tungray Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	14.363	/ (	(2.528	+	4.28)	/	2 )
=	14.363	/	3.404
=	4.22

Tungray Technologies'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 )
=	0	/ (	(2.93	+	4.28)	/	2 )
=	0	/	3.605
=	N/A

Tungray Technologies (NAS:TRSG) 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.

Tungray Technologies Receivables Turnover Related Terms

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Tungray Technologies (Tungray Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tungray Technologies Inc (NAS:TRSG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Innovation Place Tower 4, No. 02-01, 31 Mandai Estate, Singapore, SGP, 729933

Website

https://www.tungray.tech

Tungray Technologies Inc is an engineer-to-order company that provides custom industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics and home appliance industries. It primarily generates revenue through the manufacture of custom industrial manufacturing solutions, direct drive and linear DC motors, and induction welding equipment.

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