Volato Group (Volato Group) Receivables Turnover : 4.86 (As of Mar. 2024)

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What is Volato 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. Volato Group's Revenue for the three months ended in Mar. 2024 was $13.21 Mil. Volato Group's average Accounts Receivable for the three months ended in Mar. 2024 was $2.72 Mil. Hence, Volato Group's Receivables Turnover for the three months ended in Mar. 2024 was 4.86.

Volato Group Receivables Turnover Historical Data

The historical data trend for Volato 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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Volato Group Receivables Turnover Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

2.50

83.98

30.12

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			8.33	8.39	7.38	-	4.86

Competitive Comparison of Volato Group's Receivables Turnover

For the Airports & Air Services subindustry, Volato 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.

Volato Group's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Volato Group's Receivables Turnover falls into.

Volato Group Receivables Turnover Calculation

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

Volato Group'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 )
=	73.338	/ (	(1.88	+	2.99)	/	2 )
=	73.338	/	2.435
=	30.12

Volato Group'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 )
=	13.211	/ (	(2.99	+	2.446)	/	2 )
=	13.211	/	2.718
=	4.86

Volato Group (AMEX:SOAR) 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.

Volato Group Receivables Turnover Related Terms

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Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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