Fly-E Group (Fly-E Group) Receivables Turnover : 6.92 (As of Dec. 2023)

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What is Fly-E 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. Fly-E Group's Revenue for the three months ended in Dec. 2023 was $7.43 Mil. Fly-E Group's average Accounts Receivable for the three months ended in Dec. 2023 was $1.07 Mil. Hence, Fly-E Group's Receivables Turnover for the three months ended in Dec. 2023 was 6.92.

Fly-E Group Receivables Turnover Historical Data

The historical data trend for Fly-E 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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Fly-E Group Receivables Turnover Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

Receivables Turnover

318.39

75.09

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	10.11	11.30	8.53	6.92

Competitive Comparison of Fly-E Group's Receivables Turnover

For the Auto Manufacturers subindustry, Fly-E 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.

Fly-E Group's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fly-E Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fly-E Group's Receivables Turnover falls into.

Fly-E Group Receivables Turnover Calculation

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

Fly-E Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	21.775	/ (	(0.054	+	0.526)	/	2 )
=	21.775	/	0.29
=	75.09

Fly-E 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7.428	/ (	(1.193	+	0.955)	/	2 )
=	7.428	/	1.074
=	6.92

Fly-E Group (NAS:FLYE) 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.

Fly-E Group Receivables Turnover Related Terms

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Fly-E Group (Fly-E Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

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Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

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