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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. FTAI Aviation's Revenue for the three months ended in Mar. 2024 was $327 Mil. FTAI Aviation's average Accounts Receivable for the three months ended in Mar. 2024 was $126 Mil. Hence, FTAI Aviation's Receivables Turnover for the three months ended in Mar. 2024 was 2.59.
The historical data trend for FTAI Aviation'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.
FTAI Aviation Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 12.07 | 4.22 | 3.10 | 6.31 | 10.91 |
FTAI Aviation Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Receivables Turnover | Get a 7-Day Free Trial | 2.75 | 2.37 | 2.58 | 2.81 | 2.59 |
For the Rental & Leasing Services subindustry, FTAI Aviation'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.
For the Business Services industry and Industrials sector, FTAI Aviation's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where FTAI Aviation's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
FTAI Aviation'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 ) |
= | 1170.896 | / ( | (99.443 | + | 115.156) | / | 2 ) |
= | 1170.896 | / | 107.2995 | ||||
= | 10.91 |
FTAI Aviation's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as
Receivables Turnover (Q: Mar. 2024 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (Q: Mar. 2024 ) | / ( | (Accounts Receivable (Q: Dec. 2023 ) | + | Accounts Receivable (Q: Mar. 2024 )) | / | count ) |
= | 326.694 | / ( | (115.156 | + | 137.399) | / | 2 ) |
= | 326.694 | / | 126.2775 | ||||
= | 2.59 |
* 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.
FTAI Aviation (NAS:FTAI) 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.
Thank you for viewing the detailed overview of FTAI Aviation's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Adams Joseph P. Jr. | director, officer: Chief Executive Officer | C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Ray M Robinson | director | 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309 |
Paul R Goodwin | director | CSX CORPORATION, 901 E. CARY STREET, RICHMOND VA 23219 |
Martin Tuchman | director | 633 PROSPECT AVE, PRINCETON NJ 08540 |
Eun Nam | officer: Chief Accounting Officer | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Washington State Investment Board | 10 percent owner | 2100 EVERGREEN PARK DR SW, PO BOX 40916, OLYMPIA WA 98504-0916 |
Scott Christopher | officer: Chief Accounting Officer | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Kenneth J. Nicholson | director | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
A Andrew Levison | director | 124 WEST PUTNAM AVE, GREENWICH CT 06830 |
Judith A Hannaway | director | C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Jonathan Atkeson | officer: CFO and COO | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Wesley R Edens | director, 10 percent owner | 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105 |
Fortress Worldwide Transportation & Infrastructure Gp Llc | 10 percent owner | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Fortress Worldwide Transportation & Infrastructure Investors Lp | 10 percent owner | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
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