Frontier Group Holdings (STU:0VN) Receivables Turnover : 7.63 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Frontier Group Holdings 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. Frontier Group Holdings's Revenue for the three months ended in Sep. 2024 was €842 Mil. Frontier Group Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was €110 Mil. Hence, Frontier Group Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 7.63.

Frontier Group Holdings Receivables Turnover Historical Data

The historical data trend for Frontier Group Holdings'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.

* Premium members only.

Frontier Group Holdings Receivables Turnover Chart

Frontier Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

30.22

21.03

54.21

48.60

38.66

Frontier Group Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															8.89	8.72	9.07	10.13	7.63

Competitive Comparison of Frontier Group Holdings's Receivables Turnover

For the Airlines subindustry, Frontier Group Holdings'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.

Frontier Group Holdings's Receivables Turnover Distribution in the Transportation Industry

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

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

Frontier Group Holdings Receivables Turnover Calculation

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

Frontier Group Holdings'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 )
=	3291.113	/ (	(84.96	+	85.281)	/	2 )
=	3291.113	/	85.1205
=	38.66

Frontier Group Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	842.435	/ (	(88.255	+	132.447)	/	2 )
=	842.435	/	110.351
=	7.63

Frontier Group Holdings (STU:0VN) 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.

Frontier Group Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Frontier Group Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Frontier Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Group Holdings Inc (STU:0VN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ULCC:USA

Address

4545 Airport Way, Denver, CO, USA, 80239

Website

https://www.flyfrontier.com

Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers.

Frontier Group Holdings Headlines

No Headlines