Unique Logistics International (Unique Logistics International) Receivables Turnover : 1.67 (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Unique Logistics International 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. Unique Logistics International's Revenue for the three months ended in Feb. 2024 was $67.8 Mil. Unique Logistics International's average Accounts Receivable for the three months ended in Feb. 2024 was $40.6 Mil. Hence, Unique Logistics International's Receivables Turnover for the three months ended in Feb. 2024 was 1.67.

Unique Logistics International Receivables Turnover Historical Data

The historical data trend for Unique Logistics International'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.

* Premium members only.

Unique Logistics International Receivables Turnover Chart

Unique Logistics International Annual Data

Trend

May20

May21

May22

May23

Receivables Turnover

14.45

26.28

21.33

5.61

Unique Logistics International Quarterly Data
	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												1.08	1.24	1.36	1.37	1.67

Competitive Comparison of Unique Logistics International's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Unique Logistics International'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.

Unique Logistics International's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Unique Logistics International's Receivables Turnover falls into.

Unique Logistics International Receivables Turnover Calculation

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

Unique Logistics International'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 )
=	325.618	/ (	(74.746	+	41.402)	/	2 )
=	325.618	/	58.074
=	5.61

Unique Logistics International'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 )
=	67.83	/ (	(39.206	+	42.059)	/	2 )
=	67.83	/	40.6325
=	1.67

Unique Logistics International (OTCPK:UNQL) 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.

Unique Logistics International Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Unique Logistics International's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Unique Logistics International (Unique Logistics International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unique Logistics International Inc (OTCPK:UNQL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

154-09, 146th Avenue, Jamaica, NY, USA, 11434

Website

https://www.unique-logistics.com

Unique Logistics International Inc is a logistics and freight forwarding company. Its services include Air Freight, Ocean Freight, Customs Brokerage, Insurance, Domestic Distribution, and DDP and Fiscal Representation. Geographically, it derives a majority of its revenue from China, Hong Kong and Taiwan.

Executives

Migdalia Diaz	officer: Chief Operating Officer	3722 CASTEEL PARK DRIVE, MARIETTA GA 30064
Sunandan Ray	director, officer: Chief Executive Officer	320 SOUTHDOWN ROAD, LLYOD HARBOR NY 11743
Lee Patrick Man Bun	director	UNIT 05-06, 3/F, ENTERPRISE SQUARE, 9 SHEUNG YUET RD, KOWLOON BAY, KOWLOON K3 1703
David S. Briones	director	C/O PETRO RIVER OIL COMPANY, 1980 POST OAK BLVD., SUITE 2020, HOUSTON TX 77056
Sterling C. Barton	10 percent owner	823 SOUTH SIXTH STREET, SUITE 100, LAS VEGAS NV 89101
Keith S. Barton	10 percent owner	488 MADISON AVENUE, SUITE 1100, NEW YORK NY 10022
Gcnd, Inc.	10 percent owner	C/O GARY WOLF ESQ., 488 MADISON AVE., STE. 1100, NEW YORK NY 10022