SBA Communications (LTS:0KYZ) Receivables Turnover : 4.82 (As of Mar. 2025)

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What is SBA Communications 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. SBA Communications's Revenue for the three months ended in Mar. 2025 was $664 Mil. SBA Communications's average Accounts Receivable for the three months ended in Mar. 2025 was $138 Mil. Hence, SBA Communications's Receivables Turnover for the three months ended in Mar. 2025 was 4.82.

SBA Communications Receivables Turnover Historical Data

The historical data trend for SBA Communications'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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SBA Communications Receivables Turnover Chart

SBA Communications Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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20.20

26.23

18.40

14.77

16.32

SBA Communications Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															4.25	6.14	6.69	5.40	4.82

Competitive Comparison of SBA Communications's Receivables Turnover

For the REIT - Specialty subindustry, SBA Communications'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.

SBA Communications's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SBA Communications's Receivables Turnover distribution charts can be found below:

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

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SBA Communications Receivables Turnover Calculation

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

SBA Communications'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 )
=	2679.634	/ (	(182.746	+	145.695)	/	2 )
=	2679.634	/	164.2205
=	16.32

SBA Communications's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	664.248	/ (	(145.695	+	129.847)	/	2 )
=	664.248	/	137.771
=	4.82

SBA Communications (LTS:0KYZ) 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.

SBA Communications Receivables Turnover Related Terms

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SBA Communications Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SBA Communications Corp (LTS:0KYZ) » Definitions » Receivables Turnover

Comparable Companies

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SBAC:USA 4SB:Germany

Address

8051 Congress Avenue, Boca Raton, FL, USA, 33487

Website

https://www.sbasite.com

SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company's total revenue in 2023. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.

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