FedEx (LTS:0QZX) Receivables Turnover : 2.11 (As of Feb. 2024)

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What is FedEx 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. FedEx's Revenue for the three months ended in Feb. 2024 was $21,738 Mil. FedEx's average Accounts Receivable for the three months ended in Feb. 2024 was $10,285 Mil. Hence, FedEx's Receivables Turnover for the three months ended in Feb. 2024 was 2.11.

FedEx Receivables Turnover Historical Data

The historical data trend for FedEx'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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FedEx Receivables Turnover Chart

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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7.92

7.20

7.57

7.81

8.18

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.98	2.10	2.13	2.12	2.11

Competitive Comparison of FedEx's Receivables Turnover

For the Integrated Freight & Logistics subindustry, FedEx'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.

FedEx's Receivables Turnover Distribution in the Transportation Industry

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

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

FedEx Receivables Turnover Calculation

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

FedEx's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	90155	/ (	(11863	+	10188)	/	2 )
=	90155	/	11025.5
=	8.18

FedEx's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	21738	/ (	(10665	+	9904)	/	2 )
=	21738	/	10284.5
=	2.11

FedEx (LTS:0QZX) 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.

FedEx Receivables Turnover Related Terms

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FedEx (LTS:0QZX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (LTS:0QZX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FDX:USA FDX:Peru FDX:Mexico 1FDX:Italy FDX:Germany FDXB34:Brazil FDX:Argentina

Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.

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