GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (BUE:FDX) » Definitions » Receivables Turnover

FedEx (BUE:FDX) Receivables Turnover : 2.18 (As of Aug. 2024)


View and export this data going back to . Start your Free Trial

What is FedEx 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. FedEx's Revenue for the three months ended in Aug. 2024 was ARS20,111,628 Mil. FedEx's average Accounts Receivable for the three months ended in Aug. 2024 was ARS9,226,020 Mil. Hence, FedEx's Receivables Turnover for the three months ended in Aug. 2024 was 2.18.


FedEx Receivables Turnover Historical Data

The historical data trend for FedEx'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.

* Premium members only.

FedEx Receivables Turnover Chart

FedEx Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.57 8.71 8.64 11.04 13.84

FedEx Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 2.37 2.11 3.15 2.18

Competitive Comparison of FedEx's Receivables Turnover

For the Integrated Freight & Logistics subindustry, FedEx'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.


FedEx's Receivables Turnover Distribution in the Transportation Industry

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

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



FedEx Receivables Turnover Calculation

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

FedEx's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

Receivables Turnover (A: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2024 ) / ((Accounts Receivable (A: May. 2023 ) + Accounts Receivable (A: May. 2024 )) / count )
=76862915.311 / ((2265913.136 + 8841255.593) / 2 )
=76862915.311 / 5553584.3645
=13.84

FedEx's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

Receivables Turnover (Q: Aug. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2024 ) / ((Accounts Receivable (Q: May. 2024 ) + Accounts Receivable (Q: Aug. 2024 )) / count )
=20111627.501 / ((8841255.593 + 9610783.762) / 2 )
=20111627.501 / 9226019.6775
=2.18

* 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.


FedEx  (BUE:FDX) 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.


FedEx Receivables Turnover Related Terms

Thank you for viewing the detailed overview of FedEx's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


FedEx Business Description

Address
942 South Shady Grove Road, Memphis, TN, USA, 38120
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.