Expeditors International of Washington (BSP:E1XP34) Receivables Turnover : 1.43 (As of Mar. 2024)

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What is Expeditors International of Washington 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. Expeditors International of Washington's Revenue for the three months ended in Mar. 2024 was R$10,989 Mil. Expeditors International of Washington's average Accounts Receivable for the three months ended in Mar. 2024 was R$7,670 Mil. Hence, Expeditors International of Washington's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.

Expeditors International of Washington Receivables Turnover Historical Data

The historical data trend for Expeditors International of Washington'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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Expeditors International of Washington Receivables Turnover Chart

Expeditors International of Washington Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.65

6.29

5.87

5.49

4.91

Expeditors International of Washington Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.39	1.42	1.53	1.52	1.43

Competitive Comparison of Expeditors International of Washington's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.

Expeditors International of Washington's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Expeditors International of Washington's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Expeditors International of Washington's Receivables Turnover falls into.

Expeditors International of Washington Receivables Turnover Calculation

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

Expeditors International of Washington'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 )
=	45568.679	/ (	(11055.441	+	7509.429)	/	2 )
=	45568.679	/	9282.435
=	4.91

Expeditors International of Washington'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 )
=	10988.815	/ (	(7509.429	+	7830.018)	/	2 )
=	10988.815	/	7669.7235
=	1.43

Expeditors International of Washington (BSP:E1XP34) 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.

Expeditors International of Washington Receivables Turnover Related Terms

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Expeditors International of Washington (BSP:E1XP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Expeditors International of Washington Inc (BSP:E1XP34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EXPD:USA EXPD:Mexico EW1:Germany

Address

1015 Third Avenue, Seattle, WA, USA, 98104

Website

https://www.expeditors.com

Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2022, Expeditors derived 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.

Expeditors International of Washington (BSP:E1XP34) Headlines

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