CRGO (Freightos) Receivables Turnover : 2.28 (As of Dec. 2024)

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What is Freightos 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. Freightos's Revenue for the three months ended in Dec. 2024 was $6.59 Mil. Freightos's average Accounts Receivable for the three months ended in Dec. 2024 was $2.89 Mil. Hence, Freightos's Receivables Turnover for the three months ended in Dec. 2024 was 2.28.

Freightos Receivables Turnover Historical Data

The historical data trend for Freightos'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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Freightos Receivables Turnover Chart

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

8.36

8.28

10.59

10.63

9.64

Freightos Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									2.54	2.73	2.59	2.45	2.28

Competitive Comparison of Freightos's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Freightos'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.

Freightos's Receivables Turnover Distribution in the Transportation Industry

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

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

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Freightos Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	23.785	/ (	(1.88	+	3.057)	/	2 )
=	23.785	/	2.4685
=	9.64

Freightos's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	6.587	/ (	(2.716	+	3.057)	/	2 )
=	6.587	/	2.8865
=	2.28

Freightos (NAS:CRGO) 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.

Freightos Receivables Turnover Related Terms

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Freightos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.