Element Fleet Management (Element Fleet Management) Receivables Turnover : 0.64 (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Element Fleet Management Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Element Fleet Management's Revenue for the three months ended in Dec. 2023 was $517 Mil. Element Fleet Management's average Accounts Receivable for the three months ended in Dec. 2023 was $814 Mil. Hence, Element Fleet Management's Receivables Turnover for the three months ended in Dec. 2023 was 0.64.

Element Fleet Management Receivables Turnover Historical Data

The historical data trend for Element Fleet Management's Receivables Turnover 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.

Element Fleet Management Receivables Turnover Chart

Element Fleet Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.96

2.19

2.15

2.08

2.42

Element Fleet Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.54	0.56	0.64	0.66	0.64

Competitive Comparison of Element Fleet Management's Receivables Turnover

For the Rental & Leasing Services subindustry, Element Fleet Management's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

Element Fleet Management's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Element Fleet Management's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Element Fleet Management's Receivables Turnover falls into.

Element Fleet Management Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Element Fleet Management's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1922.876	/ (	(749.817	+	842.021)	/	2 )
=	1922.876	/	795.919
=	2.42

Element Fleet Management's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	517.287	/ (	(786.855	+	842.021)	/	2 )
=	517.287	/	814.438
=	0.64

Element Fleet Management (OTCPK:ELEEF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Element Fleet Management Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Element Fleet Management's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Element Fleet Management (Element Fleet Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Element Fleet Management Corp (OTCPK:ELEEF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

61F:Germany EFN.PR.E.PFD:Canada EFN.PR.C.PFD:Canada EFN:Canada

Address

161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1

Website

https://www.elementfleet.com

Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in U.S., Canada, Mexico, Australia, and New Zealand.