Fastenal Co (LTS:0IKW) Receivables Turnover : 1.65 (As of Mar. 2024)

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What is Fastenal Co 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. Fastenal Co's Revenue for the three months ended in Mar. 2024 was $1,895 Mil. Fastenal Co's average Accounts Receivable for the three months ended in Mar. 2024 was $1,150 Mil. Hence, Fastenal Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.65.

Fastenal Co Receivables Turnover Historical Data

The historical data trend for Fastenal Co'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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Fastenal Co Receivables Turnover Chart

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.33

7.47

7.20

7.30

6.99

Fastenal Co 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															1.72	1.62	1.58	1.56	1.65

Competitive Comparison of Fastenal Co's Receivables Turnover

For the Industrial Distribution subindustry, Fastenal Co'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.

Fastenal Co's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fastenal Co's Receivables Turnover falls into.

Fastenal Co Receivables Turnover Calculation

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

Fastenal Co'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 )
=	7346.7	/ (	(1013.2	+	1087.6)	/	2 )
=	7346.7	/	1050.4
=	6.99

Fastenal Co'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 )
=	1895.1	/ (	(1087.6	+	1213.2)	/	2 )
=	1895.1	/	1150.4
=	1.65

Fastenal Co (LTS:0IKW) 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.

Fastenal Co Receivables Turnover Related Terms

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Fastenal Co (LTS:0IKW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (LTS:0IKW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FASL34:Brazil FAST:Austria

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Fastenal Co (LTS:0IKW) Headlines

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