What is Alta Equipment Group 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. Alta Equipment Group's Revenue for the
three
months ended in Dec. 2024 was $498 Mil. Alta Equipment Group's average Accounts Receivable for the
three
months ended in Dec. 2024 was $209 Mil.
Hence, Alta Equipment Group's Receivables Turnover for the
three
months ended in Dec. 2024 was 2.39.
Alta Equipment Group Receivables Turnover Historical Data
The historical data trend for Alta Equipment Group'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 Alta Equipment Group's Receivables Turnover
For the Rental & Leasing Services subindustry, Alta Equipment Group'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.
Alta Equipment Group's Receivables Turnover Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Alta Equipment Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Alta Equipment Group's Receivables Turnover falls into.
* 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.
Alta Equipment Group (NYSE:ALTG) 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.
Alta Equipment Group Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Alta Equipment Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.
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