Deutsche Lufthansa AG (Deutsche Lufthansa AG) Receivables Turnover : 2.85 (As of Dec. 2023)

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What is Deutsche Lufthansa AG 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. Deutsche Lufthansa AG's Revenue for the three months ended in Dec. 2023 was $9,554 Mil. Deutsche Lufthansa AG's average Accounts Receivable for the three months ended in Dec. 2023 was $3,356 Mil. Hence, Deutsche Lufthansa AG's Receivables Turnover for the three months ended in Dec. 2023 was 2.85.

Deutsche Lufthansa AG Receivables Turnover Historical Data

The historical data trend for Deutsche Lufthansa AG'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.

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Deutsche Lufthansa AG Receivables Turnover Chart

Deutsche Lufthansa AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.14

5.32

8.20

11.13

13.59

Deutsche Lufthansa AG 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															2.19	1.79	2.27	2.77	2.85

Competitive Comparison of Deutsche Lufthansa AG's Receivables Turnover

For the Airlines subindustry, Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Deutsche Lufthansa AG's Receivables Turnover falls into.

Deutsche Lufthansa AG Receivables Turnover Calculation

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

Deutsche Lufthansa AG'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 )
=	38649.945	/ (	(3168.432	+	2517.993)	/	2 )
=	38649.945	/	2843.2125
=	13.59

Deutsche Lufthansa AG'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 )
=	9553.98	/ (	(4194.237	+	2517.993)	/	2 )
=	9553.98	/	3356.115
=	2.85

Deutsche Lufthansa AG (OTCPK:DLAKY) 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.

Deutsche Lufthansa AG Receivables Turnover Related Terms

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Deutsche Lufthansa AG (Deutsche Lufthansa AG) Business Description

Industry

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DLAKF:USA LHA:Romania LHA:Italy LUFTHANSA:Hungary LHAd:UK 0H4A:UK LHA:Germany LHA:Austria

Address

Lufthansa Aviation Center, Airportring, Frankfurt, HE, DEU, 60546

Website

https://www.lufthansagroup.com

Deutsche Lufthansa AG is a European airline group. The company's segment includes Passenger Airlines; Logistics; MRO and Catering. It generates maximum revenue from the Passenger Airlines segment. The Passenger Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG (Deutsche Lufthansa AG) Headlines

From GuruFocus

Lufthansa Group to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 15 May 2019

By PRNewswire PRNewswire • 05-13-2019