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Takung Art Co Ltd  (TKAT)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail
 

Takung Art Co Ltd Accounts Receivables Turnover Ratio from the second quarter 2023 to the second quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Takung Art Co Ltd's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2023 to a ratio of 74.3, above the company average. This is a clear sign of healthy business climate in the Specialty Retail industry and improving liquidity at their respective customers, during the second quarter 2023. Average receivable collection period, for the Takung Art Co Ltd in Jun 30 2023 quarter, has decreased to 5 days, compared to 7 days, in the Mar 31 2023 quarter.

If we take a look into Retail sector 210 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2023 from 205 to 3631.

What is Receivable Turnover Ratio?
What is Takung Art Co Ltd Selling?


What is Receivable Turnover Ratio?




TKAT Receivables Turnover Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Receivable Change - -28.11 % -27.97 % - -98.52 %
Y / Y Revenue Change -17.2 % - - -37.33 % -39.29 %
Receivable Turnover Ratio (TTM) 74.3 48.9 34.35 - -
TKAT's Total Ranking # 3631 # 205 # 0 # 0 # 0
Average receivable collection period 5 7 11 - -
Seq. Receivable Change - -0.62 % - - -16.91 %
Seq. Revenue Change -17.86 % 139.96 % -82.16 % 135.53 % -


Receivable Turnover Company Ranking
Within: No.
Specialty Retail Industry # 50
Retail Sector # 211
Overall Market # 3631

Receivable Turnover Ratio Statistics
High Average Low
0.52 0.2 0
(Sep 30 2016)   (Dec 31 2021)






Financial Statements
Takung Art Co Ltd's Accounts Receivable $ 0 Millions Visit TKAT's Balance sheet
Takung Art Co Ltd's Sales TTM $ 3 Millions Visit TKAT's Income Statement
Where are TKAT's Sales coming from? Visit TKAT's Sales by Geography

Other Accounts Receivable Turnover Ratios
Specialty Retail Industry Accounts Receivable Turnover Trends and Statistics
Retail Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
TKAT's Receivable Turnover Ratio versus Specialty Retail Industry, Retail Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for TKAT's Competitors
Receivables Turnover Ratio for TKAT's Suppliers
Accounts Receivables Turnover Ratio for TKAT's Customers

You may also want to know
TKAT's Growth Rates TKAT's Roa TKAT's Inventory Turnover Ratio TKAT's Dividend Comparisons
TKAT's Profitability Ratios TKAT's Roi TKAT's Asset Turnover Ratio TKAT's Dividend Growth
TKAT's Valuation Ratios TKAT's Roe TKAT's Financial Strength Ratios TKAT's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Retail Sector Receivable Turnover Ratio Revenues for 12 Months ending Jun 30 2023 Receivable at quarter ending Jun 30 2023

Date modified: 2023-08-16T13:56:45+00:00



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