Thunder Tiger (TPE:8033) Receivables Turnover : 2.35 (As of Mar. 2024)

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What is Thunder Tiger 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. Thunder Tiger's Revenue for the three months ended in Mar. 2024 was NT$286 Mil. Thunder Tiger's average Accounts Receivable for the three months ended in Mar. 2024 was NT$122 Mil. Hence, Thunder Tiger's Receivables Turnover for the three months ended in Mar. 2024 was 2.35.

Thunder Tiger Receivables Turnover Historical Data

The historical data trend for Thunder Tiger'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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Thunder Tiger Receivables Turnover Chart

Thunder Tiger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.70

10.28

11.88

10.34

8.24

Thunder Tiger Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.33	2.29	2.07	2.02	2.35

Competitive Comparison of Thunder Tiger's Receivables Turnover

For the Leisure subindustry, Thunder Tiger'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.

Thunder Tiger's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thunder Tiger's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thunder Tiger's Receivables Turnover falls into.

Thunder Tiger Receivables Turnover Calculation

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

Thunder Tiger'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 )
=	985.135	/ (	(109.636	+	129.468)	/	2 )
=	985.135	/	119.552
=	8.24

Thunder Tiger's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	286.426	/ (	(129.468	+	114.172)	/	2 )
=	286.426	/	121.82
=	2.35

Thunder Tiger (TPE:8033) 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.

Thunder Tiger Receivables Turnover Related Terms

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Thunder Tiger (TPE:8033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Thunder Tiger Corp (TPE:8033) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.7, 6th Road, Industry Park, Taichung, TWN, 40755

Website

https://www.thundertiger.com

Thunder Tiger Corp is a Taiwan-based company engaged in the manufacturing and selling of remote-controlled planes, helicopters, cars, boats, engine parts, and medical devices. The company has a presence in the USA, Taiwan, and others.

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