El AL Israel Airlines (El AL Israel Airlines) Receivables Turnover : 2.63 (As of Dec. 2023)

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What is El AL Israel Airlines 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. El AL Israel Airlines's Revenue for the three months ended in Dec. 2023 was $678 Mil. El AL Israel Airlines's average Accounts Receivable for the three months ended in Dec. 2023 was $258 Mil. Hence, El AL Israel Airlines's Receivables Turnover for the three months ended in Dec. 2023 was 2.63.

El AL Israel Airlines Receivables Turnover Historical Data

The historical data trend for El AL Israel Airlines'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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El AL Israel Airlines Receivables Turnover Chart

El AL Israel Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.94

6.94

13.45

12.72

9.66

El AL Israel Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.45	2.10	2.46	2.89	2.63

Competitive Comparison of El AL Israel Airlines's Receivables Turnover

For the Airlines subindustry, El AL Israel Airlines'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.

El AL Israel Airlines's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, El AL Israel Airlines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where El AL Israel Airlines's Receivables Turnover falls into.

El AL Israel Airlines Receivables Turnover Calculation

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

El AL Israel Airlines'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 )
=	2503.1	/ (	(224.6	+	293.8)	/	2 )
=	2503.1	/	259.2
=	9.66

El AL Israel Airlines's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	677.781	/ (	(221.427	+	293.8)	/	2 )
=	677.781	/	257.6135
=	2.63

El AL Israel Airlines (OTCPK:ELALF) 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.

El AL Israel Airlines Receivables Turnover Related Terms

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El AL Israel Airlines (El AL Israel Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » Receivables Turnover

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ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.