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. Mesa Air Group's Revenue for the
three
months ended in Jun. 2024 was $110.8 Mil. Mesa Air Group's average Accounts Receivable for the
three
months ended in Jun. 2024 was $5.3 Mil.
Hence, Mesa Air Group's Receivables Turnover for the
three
months ended in Jun. 2024 was 20.90.
Mesa Air Group Receivables Turnover Historical Data
The historical data trend for Mesa Air 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.
Competitive Comparison of Mesa Air Group's Receivables Turnover
For the Airlines subindustry, Mesa Air 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.
Mesa Air Group's Receivables Turnover Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Mesa Air Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Mesa Air Group's Receivables Turnover falls into.
Mesa Air Group Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Mesa Air Group's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Mesa Air Group (NAS:MESA) 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.
Mesa Air Group Receivables Turnover Related Terms
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Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 86 cities in 36 states, the District of Columbia, Canada, Cuba, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles and other regions.
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