Aegean Airlines (LTS:0OHY) Receivables Turnover : 14.22 (As of Dec. 2023)

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What is Aegean Airlines 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. Aegean Airlines's Revenue for the six months ended in Dec. 2023 was €1,015 Mil. Aegean Airlines's average Accounts Receivable for the six months ended in Dec. 2023 was €71 Mil. Hence, Aegean Airlines's Receivables Turnover for the six months ended in Dec. 2023 was 14.22.

Aegean Airlines Receivables Turnover Historical Data

The historical data trend for Aegean Airlines'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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Aegean Airlines Receivables Turnover Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.35

6.01

25.25

32.42

30.69

Aegean Airlines 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															12.94	7.90	13.63	10.28	14.22

Competitive Comparison of Aegean Airlines's Receivables Turnover

For the Airlines subindustry, Aegean Airlines'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.

Aegean Airlines's Receivables Turnover Distribution in the Transportation Industry

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

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

Aegean Airlines Receivables Turnover Calculation

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

Aegean Airlines'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 )
=	1693.129	/ (	(49.722	+	60.624)	/	2 )
=	1693.129	/	55.173
=	30.69

Aegean Airlines'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 )
=	1015.012	/ (	(82.18	+	60.624)	/	2 )
=	1015.012	/	71.402
=	14.22

Aegean Airlines (LTS:0OHY) 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.

Aegean Airlines Receivables Turnover Related Terms

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Aegean Airlines (LTS:0OHY) Business Description

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AGZNF:USA AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.

Aegean Airlines (LTS:0OHY) Headlines

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