Frontier Services Group (Frontier Services Group) Receivables Turnover : 1.71 (As of Dec. 2023)

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What is Frontier Services 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. Frontier Services Group's Revenue for the six months ended in Dec. 2023 was $49.1 Mil. Frontier Services Group's average Accounts Receivable for the six months ended in Dec. 2023 was $28.7 Mil. Hence, Frontier Services Group's Receivables Turnover for the six months ended in Dec. 2023 was 1.71.

Frontier Services Group Receivables Turnover Historical Data

The historical data trend for Frontier Services 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.

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Frontier Services Group Receivables Turnover Chart

Frontier Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.30

3.18

4.98

5.06

3.86

Frontier Services Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.57	2.84	2.37	1.92	1.71

Competitive Comparison of Frontier Services Group's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Frontier Services 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.

Frontier Services Group's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Frontier Services Group's Receivables Turnover falls into.

Frontier Services Group Receivables Turnover Calculation

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

Frontier Services Group'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 )
=	104.089	/ (	(26.852	+	27.02)	/	2 )
=	104.089	/	26.936
=	3.86

Frontier Services Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	49.141	/ (	(30.294	+	27.02)	/	2 )
=	49.141	/	28.657
=	1.71

Frontier Services Group (OTCPK:DVNHF) 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.

Frontier Services Group Receivables Turnover Related Terms

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Frontier Services Group (Frontier Services Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Services Group Ltd (OTCPK:DVNHF) » Definitions » Receivables Turnover

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00500:Hong Kong

Address

16 Harcourt Road, Suite 3902, 39th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

http://www.fsgroup.com

Frontier Services Group Ltd is an investment holding company. The Group is principally engaged in the provision of aviation, logistics, security, insurance and infrastructure related services and the provision of online financial market information. It operates in three business segments that are Aviation and Logistics Business; Financial Market Information Business, which provides online financial market information; and Security, Insurance, and Infrastructure Business. The Aviation and Logistics Business segment generates maximum revenue for the company. Its geographical segments are Africa, Europe, Mainland China, Hong Kong, and South-East Asia & Middle-East.

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