Forward Air (Forward Air) Days Sales Outstanding

: 122.94 (As of Dec. 2023)

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Forward Air's average Accounts Receivable for the three months ended in Dec. 2023 was $173 Mil. Forward Air's Revenue for the three months ended in Dec. 2023 was $128 Mil. Hence, Forward Air's Days Sales Outstanding for the three months ended in Dec. 2023 was 122.94.

The historical rank and industry rank for Forward Air's Days Sales Outstanding or its related term are showing as below:

FWRD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.91 Med: 42.57 Max: 48.82
Current: 48.5

During the past 13 years, Forward Air's highest Days Sales Outstanding was 48.82. The lowest was 38.91. And the median was 42.57.

FWRD's Days Sales Outstanding is ranked worse than
53.2% of 968 companies
in the Transportation industry
Industry Median: 45.73 vs FWRD: 48.50

Forward Air's Days Sales Outstanding increased from Dec. 2022 (106.12) to Dec. 2023 (122.94).

Forward Air Days Sales Outstanding Historical Data

The historical data trend for Forward Air's Days Sales Outstanding 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.

* Premium members only.

Forward Air Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

43.94

42.08

47.96

43.06

45.47

Forward Air Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding																106.12	41.62	42.81	40.58	122.94

Competitive Comparison

For the Integrated Freight & Logistics subindustry, Forward Air's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Forward Air Days Sales Outstanding Distribution

For the Transportation industry and Industrials sector, Forward Air's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Forward Air's Days Sales Outstanding falls into.

Forward Air Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Forward Air's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (188.229	+	153.267)	/	2 )	/	1370.735	*	365
=	170.748					/	1370.735	*	365
=	45.47

Forward Air's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (191.758	+	153.267)	/	2 )	/	128.04	*	365 / 4
=	172.5125					/	128.04	*	365 / 4
=	122.94

Forward Air (NAS:FWRD) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Forward Air Days Sales Outstanding Related Terms

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Forward Air (Forward Air) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Forward Air Corp (NAS:FWRD) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

1915 Snapps Ferry Road, Building N, Greeneville, TN, USA, 37745

Website

https://www.forwardaircorp.com

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.

Executives

Chris C Ruble	officer: Sr. Vice President, Operations	PO BOX 1058, GREENVILLIE TN 37744
Kyle R Mitchin	officer: Senior VP, Human Resources	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Nancee L Ronning	officer: Chief Commercial Officer	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Javier Polit	director	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Mayes George S Jr	director	5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Craig Carlock	director	C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
George M Lynch	director	2566 KENT RIDGE COURT, BLOOMFIELD HILLS MI 48025
C Robert Campbell	director	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134
Michael L Hance	officer: Senior VP, CLO and Secretary	430 AIRPORT ROAD, GREENEVILLE TN 37745
Chitra Nayak	director	1400 16TH STREET, SAN FRANCISCO CA 94103
Thomas Schmitt	officer: President & CEO	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745
Ronald W Allen	director	P O BOX 1734, ATLANTA GA 30301
Laurie Anne Tucker	director	65 MARYS CREEK COVE NORTH, EADS TN 38028
Scott M Niswonger	director, 10 percent owner, officer: CEO & Chairman	165 MADISON AVENUE, MEMPHIS TN 38103
Rebecca J Garbrick	officer: CAO, VP and Controller	1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745