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. Planet Fitness's Revenue for the
three
months ended in Dec. 2023 was $285 Mil. Planet Fitness's average Accounts Receivable for the
three
months ended in Dec. 2023 was $39 Mil.
Hence, Planet Fitness's Receivables Turnover for the
three
months ended in Dec. 2023 was 7.29.
Planet Fitness Receivables Turnover Historical Data
The historical data trend for Planet Fitness'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.
Competitive Comparison of Planet Fitness's Receivables Turnover
For the Leisure subindustry, Planet Fitness'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.
Planet Fitness's Receivables Turnover Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Planet Fitness's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Planet Fitness's Receivables Turnover falls into.
Planet Fitness Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Planet Fitness's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Planet Fitness Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Planet Fitness's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Planet Fitness (Planet Fitness) Business Description
Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.
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