Textainer Group Holdings (Textainer Group Holdings) Receivables Turnover : 1.87 (As of Dec. 2023)

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What is Textainer Group 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. Textainer Group Holdings's Revenue for the three months ended in Dec. 2023 was $199.2 Mil. Textainer Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $106.4 Mil. Hence, Textainer Group Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.87.

Textainer Group Holdings Receivables Turnover Historical Data

The historical data trend for Textainer Group 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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Textainer Group Holdings Receivables Turnover Chart

Textainer Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.83

6.10

7.28

7.60

7.52

Textainer Group Holdings 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															1.58	1.80	1.74	1.77	1.87

Competitive Comparison of Textainer Group Holdings's Receivables Turnover

For the Rental & Leasing Services subindustry, Textainer Group 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.

Textainer Group Holdings's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Textainer Group Holdings's Receivables Turnover distribution charts can be found below:

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

Textainer Group Holdings Receivables Turnover Calculation

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

Textainer Group Holdings'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 )
=	816.279	/ (	(114.805	+	102.423)	/	2 )
=	816.279	/	108.614
=	7.52

Textainer Group 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	199.157	/ (	(110.44	+	102.423)	/	2 )
=	199.157	/	106.4315
=	1.87

Textainer Group Holdings (NYSE: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.

Textainer Group Holdings Receivables Turnover Related Terms

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Textainer Group Holdings (Textainer Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Textainer Group Holdings Ltd (NYSE:TGH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TXT:South Africa TGHpB.PFD:USA TGHpA.PFD:USA 3T7:Germany

Address

16 Par-La-Ville Road, Century House, Hamilton, BMU, HM 08

Website

https://www.textainer.com

Textainer Group Holdings Ltd is an intermodal container leasing company providing customers globally, including international shipping lines and other leases. The company's operating segments are Container Ownership, Container Management, and Container Resale. Its geographical segments are Asia, Europe, North/South America, and other international countries. Textainer generates the majority of its revenue from lease rental income.