Tingo Group Inc 's ability to collect accounts receivable sequentially worsen to 8.96, pointing to a challenging and on top of that deteriorating business climate for the Food Processing industry. Tingo Group Inc 's Accounts Receivable average collection period in the Sep 30 2023 quarter, has increased to 41 days, from 36 days, in the Jun 30 2023 quarter.

If we take a look into Consumer Non Cyclical sector 93 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 594 to 1306.

What is Receivable Turnover Ratio?
What is Tingo Group Inc Selling?

What is Receivable Turnover Ratio?

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TIO Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	1977.4 %	1833.83 %	1902.95 %	-33.99 %	-22.77 %
Y / Y Revenue Change	4161.26 %	8071.68 %	8801.44 %	597.24 %	-25.7 %
Receivable Turnover Ratio (TTM)	8.96	10.03	9.33	8.26	2.61
TIO's Total Ranking	# 1306	# 594	# 1298	# 2396	# 1217
Accounts Receivable average collection period days	41	36	39	44	140
Seq. Receivable Change	-2.36 %	0.95 %	2344.09 %	-13.77 %	-9.11 %
Seq. Revenue Change	-40.01 %	14.79 %	668.57 %	705.1 %	15.04 %

Receivable Turnover Company Ranking
Within:	No.
Food Processing Industry	# 31
Consumer Non Cyclical Sector	# 94
Overall Market	# 1306

Receivable Turnover Ratio Statistics
High	Average	Low
25.8	16.08	2.61
(Mar 31 2015)		(Sep 30 2022)

TIO Company Profile • Back to TIO Efficiency Comparisons • Compare TIO Receivables Turnover Ratio to its Competitors

Financial Statements
Tingo Group Inc 's Accounts Receivable	$ 366 Millions	Visit TIO's Balance sheet
Tingo Group Inc 's Sales TTM	$ 2,525 Millions	Visit TIO's Income Statement
Sources of TIO's Revenues		Visit TIO's Sales by Geography

Other Accounts Receivable Turnover Ratios
Food Processing Industry Accounts Receivable Turnover Trends and Statistics
Consumer Non Cyclical Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
TIO's Receivable Turnover Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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TIO's Profitability Ratios	TIO's Roi	TIO's Asset Turnover Ratio	TIO's Dividend Growth
TIO's Valuation Ratios	TIO's Roe	TIO's Financial Strength Ratios	TIO's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Consumer Non Cyclical Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Receivable at quarter ending Sep 30 2023
Cal maine Foods Inc	18.71	$ 2,946.306 Millions	$ 157.447 Millions
Edgewell Personal Care Company	17.60	$ 2,251.600 Millions	$ 127.900 Millions
Treehouse Foods Inc	17.58	$ 2,840.500 Millions	$ 161.550 Millions
Brewbilt Brewing Company	17.40	$ 0.381 Millions	$ 0.022 Millions
Nutra Pharma Corp	17.23	$ 0.375 Millions	$ 0.022 Millions
Senestech Inc	16.71	$ 1.195 Millions	$ 0.072 Millions
Rythm Inc	16.58	$ 19.899 Millions	$ 1.201 Millions
Cf Industries Holdings inc	16.41	$ 7,668.000 Millions	$ 467.250 Millions
Brc Inc	16.26	$ 368.373 Millions	$ 22.659 Millions
Calavo Growers Inc	16.09	$ 970.956 Millions	$ 60.344 Millions
The Campbells Company	16.01	$ 9,300.000 Millions	$ 581.000 Millions
South Dakota Soybean Processors Llc	15.79	$ 721.981 Millions	$ 45.730 Millions
Laird Superfood Inc	15.61	$ 32.806 Millions	$ 2.101 Millions
Andersons Inc	15.37	$ 16,214.600 Millions	$ 1,055.227 Millions
Hormel Foods Corporation	14.98	$ 12,110.010 Millions	$ 808.282 Millions
Procter and Gamble Co	14.94	$ 83,265.000 Millions	$ 5,575.000 Millions
The Marzetti Company	14.82	$ 1,856.753 Millions	$ 125.261 Millions
Natural Alternatives International Inc	14.71	$ 153.699 Millions	$ 10.452 Millions
Pilgrim s Pride Corporation	14.59	$ 16,960.966 Millions	$ 1,162.361 Millions
Accredited Solutions Inc	14.56	$ 0.707 Millions	$ 0.049 Millions
Cirtran Corporation	14.40	$ 1.462 Millions	$ 0.102 Millions
4front Ventures Corp	14.36	$ 101.533 Millions	$ 7.072 Millions
The J M Smucker Company	14.23	$ 8,194.100 Millions	$ 575.650 Millions
Twinlab Consolidated Holdings Inc	14.22	$ 26.466 Millions	$ 1.861 Millions
Cvr Partners Lp	14.10	$ 752.091 Millions	$ 53.323 Millions
Seneca Foods Corporation	14.06	$ 1,510.456 Millions	$ 107.404 Millions
Coty Inc	13.98	$ 5,804.200 Millions	$ 415.300 Millions
Dole Plc	13.94	$ 8,529.211 Millions	$ 612.038 Millions
B and g Foods inc	13.81	$ 2,105.206 Millions	$ 152.495 Millions
Sanfilippo John B and Son Inc	13.76	$ 981.190 Millions	$ 71.310 Millions

Date modified: 2026-10-07T00:41:51+00:00

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