Teck Resources (Teck Resources) Receivables Turnover : 2.15 (As of Dec. 2023)

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What is Teck Resources 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. Teck Resources's Revenue for the three months ended in Dec. 2023 was $3,062 Mil. Teck Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $1,423 Mil. Hence, Teck Resources's Receivables Turnover for the three months ended in Dec. 2023 was 2.15.

Teck Resources Receivables Turnover Historical Data

The historical data trend for Teck Resources'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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Teck Resources Receivables Turnover Chart

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.76

7.63

7.76

9.54

8.33

Teck Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.93	2.33	2.38	2.35	2.15

Competitive Comparison of Teck Resources's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Teck Resources'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.

Teck Resources's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Teck Resources's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Teck Resources's Receivables Turnover falls into.

Teck Resources Receivables Turnover Calculation

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

Teck Resources'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 )
=	11188.879	/ (	(1124.034	+	1562.314)	/	2 )
=	11188.879	/	1343.174
=	8.33

Teck Resources'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3062.016	/ (	(1282.98	+	1562.314)	/	2 )
=	3062.016	/	1422.647
=	2.15

Teck Resources (NYSE:TECK) 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.

Teck Resources Receivables Turnover Related Terms

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Teck Resources (Teck Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teck Resources Ltd (NYSE:TECK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TCKRF:USA TECK:Mexico TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.