Terragen Holdings (ASX:TGH) Receivables Turnover : 5.20 (As of Dec. 2023)

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What is Terragen 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. Terragen Holdings's Revenue for the six months ended in Dec. 2023 was A$1.20 Mil. Terragen Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.23 Mil. Hence, Terragen Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 5.20.

Terragen Holdings Receivables Turnover Historical Data

The historical data trend for Terragen 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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Terragen Holdings Receivables Turnover Chart

Terragen Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

3.73

9.83

10.71

13.68

Terragen Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				4.52	6.68	8.61	5.11	5.20

Competitive Comparison of Terragen Holdings's Receivables Turnover

For the Agricultural Inputs subindustry, Terragen 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.

Terragen Holdings's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Terragen Holdings's Receivables Turnover distribution charts can be found below:

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

Terragen Holdings Receivables Turnover Calculation

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

Terragen Holdings'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 )
=	3.276	/ (	(0.208	+	0.271)	/	2 )
=	3.276	/	0.2395
=	13.68

Terragen Holdings'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 )
=	1.201	/ (	(0.271	+	0.191)	/	2 )
=	1.201	/	0.231
=	5.20

Terragen Holdings (ASX:TGH) 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.

Terragen Holdings Receivables Turnover Related Terms

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Terragen Holdings (ASX:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Terragen Holdings Ltd (ASX:TGH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Access Crescent, Unit 6, Coolum Beach, QLD, AUS, 4573

Website

https://www.terragen.com.au

Terragen Holdings Ltd is an Australia based developer of agricultural bio solutions whose core technology platform addresses soil health and productivity, animal health and nutrition without relying on chemical-based fertilizers, pesticides and antibiotics. Its products include Mylo and Great Land Plus. Geographically, it operates within Australia and Newzealand.