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. Crawford's Revenue for the
three
months ended in Dec. 2023 was $321 Mil. Crawford's average Accounts Receivable for the
three
months ended in Dec. 2023 was $141 Mil.
Hence, Crawford's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.27.
Crawford Receivables Turnover Historical Data
The historical data trend for Crawford'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 Crawford's Receivables Turnover
For the Insurance Brokers subindustry, Crawford'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.
Crawford's Receivables Turnover Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Crawford's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Crawford's Receivables Turnover falls into.
Crawford Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Crawford'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.
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.
Crawford Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Crawford's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Crawford & Co provides claims and outsourcing solutions to the risk management, insurance industry, and self-insured entities. Its segments include North America Loss Adjusting; International Operations; Broadspire and Platform Solutions. The company generates maximum revenue from the International Operations segment. International Operations segment provides services to the North American property and casualty market and provides claims management services to insurance carriers and self-insured entities related to property and casualty losses.
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