Alta Equipment Group (FRA:4ZL) Receivables Turnover : 1.81 (As of Mar. 2024)

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What is Alta Equipment Group 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. Alta Equipment Group's Revenue for the three months ended in Mar. 2024 was €406 Mil. Alta Equipment Group's average Accounts Receivable for the three months ended in Mar. 2024 was €224 Mil. Hence, Alta Equipment Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.

Alta Equipment Group Receivables Turnover Historical Data

The historical data trend for Alta Equipment Group'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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Alta Equipment Group Receivables Turnover Chart

Alta Equipment Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.34

7.81

7.78

7.68

Alta Equipment Group 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															1.81	2.05	1.93	2.03	1.81

Competitive Comparison of Alta Equipment Group's Receivables Turnover

For the Rental & Leasing Services subindustry, Alta Equipment Group'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.

Alta Equipment Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Alta Equipment Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alta Equipment Group's Receivables Turnover falls into.

Alta Equipment Group Receivables Turnover Calculation

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

Alta Equipment Group'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 )
=	1721.026	/ (	(219.763	+	228.608)	/	2 )
=	1721.026	/	224.1855
=	7.68

Alta Equipment Group'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 )
=	406.272	/ (	(228.608	+	220.248)	/	2 )
=	406.272	/	224.428
=	1.81

Alta Equipment Group (FRA:4ZL) 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.

Alta Equipment Group Receivables Turnover Related Terms

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Alta Equipment Group (FRA:4ZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Alta Equipment Group Inc (FRA:4ZL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ALTGpA.PFD:USA ALTG:USA

Address

13211 Merriman Road, Livonia, MI, USA, 48150

Website

https://www.altaequipment.com

Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.

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