TPT Global Tech (TPT Global Tech) Receivables Turnover : 10.61 (As of Mar. 2024)

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What is TPT Global Tech 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. TPT Global Tech's Revenue for the three months ended in Mar. 2024 was $0.40 Mil. TPT Global Tech's average Accounts Receivable for the three months ended in Mar. 2024 was $0.04 Mil. Hence, TPT Global Tech's Receivables Turnover for the three months ended in Mar. 2024 was 10.61.

TPT Global Tech Receivables Turnover Historical Data

The historical data trend for TPT Global Tech'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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TPT Global Tech Receivables Turnover Chart

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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47.61

40.71

58.65

32.63

22.06

TPT Global Tech 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															2.57	2.51	3.34	6.52	10.61

Competitive Comparison of TPT Global Tech's Receivables Turnover

For the Communication Equipment subindustry, TPT Global Tech'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.

TPT Global Tech's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TPT Global Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TPT Global Tech's Receivables Turnover falls into.

TPT Global Tech Receivables Turnover Calculation

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

TPT Global Tech'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 )
=	3.298	/ (	(0.271	+	0.028)	/	2 )
=	3.298	/	0.1495
=	22.06

TPT Global Tech'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 )
=	0.398	/ (	(0.028	+	0.047)	/	2 )
=	0.398	/	0.0375
=	10.61

TPT Global Tech (OTCPK:TPTW) 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.

TPT Global Tech Receivables Turnover Related Terms

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TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Receivables Turnover

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Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).