American Tower (BSP:T1OW34) Receivables Turnover : 4.10 (As of Sep. 2024)

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What is American Tower 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. American Tower's Revenue for the three months ended in Sep. 2024 was R$13,968 Mil. American Tower's average Accounts Receivable for the three months ended in Sep. 2024 was R$3,407 Mil. Hence, American Tower's Receivables Turnover for the three months ended in Sep. 2024 was 4.10.

American Tower Receivables Turnover Historical Data

The historical data trend for American Tower'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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American Tower Receivables Turnover Chart

American Tower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.91

18.27

15.67

13.87

15.04

American Tower Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.82	5.43	4.06	4.16	4.10

Competitive Comparison of American Tower's Receivables Turnover

For the REIT - Specialty subindustry, American Tower'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.

American Tower's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Tower's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where American Tower's Receivables Turnover falls into.

American Tower Receivables Turnover Calculation

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

American Tower'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 )
=	54604.351	/ (	(3977.587	+	3281.396)	/	2 )
=	54604.351	/	3629.4915
=	15.04

American Tower's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	13967.993	/ (	(3836.519	+	2978.229)	/	2 )
=	13967.993	/	3407.374
=	4.10

American Tower (BSP:T1OW34) 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.

American Tower Receivables Turnover Related Terms

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American Tower Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Tower Corp (BSP:T1OW34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AMT:USA AMT:Mexico 1AMT:Italy 0HEU:UK A0T:Germany A0T:Germany AMTG:Austria

Address

116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116

Website

https://www.americantower.com

American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.

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