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. Daseke's Revenue for the
three
months ended in Dec. 2023 was $360 Mil. Daseke's average Accounts Receivable for the
three
months ended in Dec. 2023 was $172 Mil.
Hence, Daseke's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.10.
Daseke Receivables Turnover Historical Data
The historical data trend for Daseke'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 Daseke's Receivables Turnover
For the Trucking subindustry, Daseke'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.
Daseke's Receivables Turnover Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Daseke's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Daseke's Receivables Turnover falls into.
Daseke Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Daseke'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.
Daseke Receivables Turnover Related Terms
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Daseke Inc provides transportation and logistics solutions focused exclusively on flatbed and specialized freight in North America. It has two reportable segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment; and the Specialized Solutions segment focuses on delivering transportation and logistics solutions that require the use of specialized trailering transportation equipment. Daseke derives most of its revenues from its Specialized Solutions segment.
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