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. Outfront Media's Revenue for the
three
months ended in Mar. 2024 was $409 Mil. Outfront Media's average Accounts Receivable for the
three
months ended in Mar. 2024 was $270 Mil.
Hence, Outfront Media's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.51.
Outfront Media Receivables Turnover Historical Data
The historical data trend for Outfront Media'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.
Competitive Comparison of Outfront Media's Receivables Turnover
For the REIT - Specialty subindustry, Outfront Media'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.
Outfront Media's Receivables Turnover Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Outfront Media's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Outfront Media's Receivables Turnover falls into.
Outfront Media Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Outfront Media's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Outfront Media (NYSE:OUT) 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.
Outfront Media Receivables Turnover Related Terms
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Outfront Media (Outfront Media) Business Description
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.
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