LendingTree (LTS:0JTZ) Receivables Turnover : 2.84 (As of Mar. 2024)

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What is LendingTree 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. LendingTree's Revenue for the three months ended in Mar. 2024 was $167.8 Mil. LendingTree's average Accounts Receivable for the three months ended in Mar. 2024 was $59.1 Mil. Hence, LendingTree's Receivables Turnover for the three months ended in Mar. 2024 was 2.84.

LendingTree Receivables Turnover Historical Data

The historical data trend for LendingTree'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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LendingTree Receivables Turnover Chart

LendingTree Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.82

8.95

11.72

10.90

9.75

LendingTree 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															2.41	2.29	2.22	2.25	2.84

Competitive Comparison of LendingTree's Receivables Turnover

For the Financial Conglomerates subindustry, LendingTree'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.

LendingTree's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, LendingTree's Receivables Turnover distribution charts can be found below:

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

LendingTree Receivables Turnover Calculation

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

LendingTree'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 )
=	672.502	/ (	(83.06	+	54.954)	/	2 )
=	672.502	/	69.007
=	9.75

LendingTree'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 )
=	167.768	/ (	(54.954	+	63.318)	/	2 )
=	167.768	/	59.136
=	2.84

LendingTree (LTS:0JTZ) 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.

LendingTree Receivables Turnover Related Terms

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LendingTree (LTS:0JTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » LendingTree Inc (LTS:0JTZ) » Definitions » Receivables Turnover

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Address

1415 Vantage Park Drive, Suite 700, Charlotte, NC, USA, 28203

Website

https://www.lendingtree.com

LendingTree Inc is a United States-based company that is principally engaged in operating an online loan marketplace. The company provides online tools and resources that can help consumers find loans or other credit-based offerings they need, including mortgage loans, reverse mortgage, home equity, personal loans, auto loans, credit cards, student loans, small business loans, and other related offerings. The company offers consumers direct access to a broad range of lenders. The company generates match fees by matching consumers with lenders, and closing fees from lenders on loans when a transaction is closed. The company operates business solely in the United States.

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