Texas Pacific Land Trust (TPL)
Receivables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 659,375 | 631,595 | 617,644 | 650,788 | 666,449 | 667,422 | 661,894 | 594,476 | 514,138 | 450,958 | 378,084 | |||
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $659,375K ÷ $—K
= —
The receivables turnover ratio for Texas Pacific Land Trust cannot be determined from the given table as there is no specific data provided on accounts receivable or sales figures. The receivables turnover ratio is a financial metric used to measure how efficiently a company is able to collect outstanding receivables from its customers during a specific period. It is calculated by dividing net credit sales by the average accounts receivable balance.
To analyze the receivables turnover for Texas Pacific Land Trust, we would need access to figures such as net credit sales and accounts receivable balances for each period listed in the table. By comparing these values across time, we could calculate the receivables turnover ratio and assess the company's effectiveness in managing its accounts receivable collection process.