Meta Platforms (BSP:M1TA34) Receivables Turnover : 2.49 (As of Mar. 2024)

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What is Meta Platforms 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. Meta Platforms's Revenue for the three months ended in Mar. 2024 was R$181,539 Mil. Meta Platforms's average Accounts Receivable for the three months ended in Mar. 2024 was R$73,052 Mil. Hence, Meta Platforms's Receivables Turnover for the three months ended in Mar. 2024 was 2.49.

Meta Platforms Receivables Turnover Historical Data

The historical data trend for Meta Platforms'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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Meta Platforms Receivables Turnover Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.47

9.08

9.69

8.15

8.82

Meta Platforms 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															2.33	2.63	2.71	2.75	2.49

Competitive Comparison of Meta Platforms's Receivables Turnover

For the Internet Content & Information subindustry, Meta Platforms'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.

Meta Platforms's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Meta Platforms's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Meta Platforms's Receivables Turnover falls into.

Meta Platforms Receivables Turnover Calculation

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

Meta Platforms'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 )
=	660992.819	/ (	(70634.556	+	79224.866)	/	2 )
=	660992.819	/	74929.711
=	8.82

Meta Platforms'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 )
=	181538.609	/ (	(79224.866	+	66878.714)	/	2 )
=	181538.609	/	73051.79
=	2.49

Meta Platforms (BSP:M1TA34) 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.

Meta Platforms Receivables Turnover Related Terms

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Meta Platforms (BSP:M1TA34) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (BSP:M1TA34) » Definitions » Receivables Turnover

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Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.

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