Radiant Logistics (Radiant Logistics) Free Cash Flow

: $33.8 Mil (TTM As of Dec. 2023)

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Radiant Logistics's total free cash flow for the months ended in Dec. 2023 was $1.7 Mil. Its total free cash flow for the trailing twelve months (TTM) ended in Dec. 2023 was $33.8 Mil.

Radiant Logistics's Free Cash Flow per Share for the months ended in Dec. 2023 was $0.03. Its free cash flow per share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.69.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Radiant Logistics was -67.30% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 55.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Free Cash Flow Growth Rate using Free Cash Flow per Share data.

During the past 13 years, Radiant Logistics's highest 3-Year average Free Cash Flow per Share Growth Rate was 367.20% per year. The lowest was -200.00% per year. And the median was 21.00% per year.

Radiant Logistics Free Cash Flow Historical Data

The historical data trend for Radiant Logistics's Free Cash Flow 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.

Radiant Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Free Cash Flow

33.14

24.71

2.67

17.41

90.33

Radiant Logistics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Free Cash Flow																37.90	5.46	21.29	5.41	1.66

Radiant Logistics Free Cash Flow Calculation

Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.

Radiant Logistics's Free Cash Flow for the fiscal year that ended in Jun. 2023 is calculated as

Free Cash Flow (A: Jun. 2023 )	=	Cash Flow from Operations	+	Capital Expenditure
	=	97.895	+	-7.565
	=	90.3

Radiant Logistics's Free Cash Flow for the quarter that ended in Dec. 2023 is calculated as

Free Cash Flow (Q: Dec. 2023 )	=	Cash Flow from Operations	+	Capital Expenditure
	=	4.202	+	-2.546
	=	1.7

Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $33.8 Mil.

Radiant Logistics (AMEX:RLGT) Free Cash Flow Explanation

Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.

In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.

This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:

If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.

The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).

For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over seven years. The reason we use seven years is because research shows that seven years is the length of the typical business cycle.

Therefore, as of Dec23, Radiant Logistics's Forward Rate of Return (Yacktman) % is

Forward Rate of Return (Yacktman) % (Dec23)	=	Normalized Free Cash Flow	/	Price	+	5-Year EBITDA Growth Rate
	=	0.64990476	/	6.64	+	0.132
	=	22.99 %

Be Aware

Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.

Radiant Logistics Free Cash Flow Related Terms

Thank you for viewing the detailed overview of Radiant Logistics's Free Cash Flow provided by GuruFocus.com. Please click on the following links to see related term pages.

Radiant Logistics (Radiant Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Radiant Logistics Inc (AMEX:RLGT) » Definitions » Free Cash Flow

Comparable Companies

Traded in Other Exchanges

3GT:Germany

Address

Triton Tower Two, 700 S Renton Village Place, Seventh Floor, Renton, WA, USA, 98057

Website

https://www.radiantdelivers.com

Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. The company has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.

Executives

Arnold Goldstein	officer: Chief Commercial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Smith Kristin Elisabeth Toth	director	700 S. RENTON VILLAGE PLACE, TRITON TOWERS TWO, SEVENTH FLOOR, RENTON WA 98057
Todd Macomber	officer: Chief Accounting Officer	4313 107TH PLACE NE, KIRKLAND WA 98033
E Joseph Bento	officer: COO, Radiant Global Logistics	15350 VICKERY DR, HOUSTON TX 77032
John Sobba	officer: General Counsel	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Bohn H Crain	director, 10 percent owner, officer: Chief Executive Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Michael E Gould	director	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen P Harrington	director	111 PRESIDENTIAL BOULEVARD, SUITE 158 A, BALA CYNWYD PA 19004
Hines Robert L. Jr.	officer: SVP/General Counsel/Secretary	C/O RADIANT LOGISTICS, INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Richard P Palmieri	director	C/O RADIANT LOGISTICS INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Peter C Jamieson	officer: SVP Country Manager Canada	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE NJ 98004
Tim Boyce	officer: COO Rail and Truck Brokerage	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Jack P Edwards	director	24624 SE OLD BLACK NUGGET ROAD, ISSAQUAH WA 98029
Alesia Lee Pinney	officer: General Counsel/Secretary	AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Douglas Tabor	10 percent owner	401 N. CARROLL #194, SOUTHLAKE TX 76092