Texas Pacific Land Trust (TPL)

To calculate the receivables turnover for Texas Pacific Land Trust, we need information on the average accounts receivable balance and sales for each year. Without this data provided in the table, we are unable to compute the receivables turnover ratio for any of the years listed.

Receivables turnover ratio measures how efficiently a company is collecting its outstanding receivables during a specific period. A higher turnover ratio indicates a faster collection of receivables, which is typically a positive sign of effective credit and collection policies. Conversely, a lower turnover ratio may suggest potential issues with collecting outstanding receivables in a timely manner.

Without the necessary input data, we are unable to evaluate the trend in Texas Pacific Land Trust's receivables turnover over the given years. It is essential for the company to manage its receivables effectively to maintain healthy cash flows and liquidity.