What is United Parcel Service 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. United Parcel Service's Revenue for the
three
months ended in Mar. 2024 was $21,706 Mil. United Parcel Service's average Accounts Receivable for the
three
months ended in Mar. 2024 was $10,385 Mil.
Hence, United Parcel Service's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.09.
United Parcel Service Receivables Turnover Historical Data
The historical data trend for United Parcel Service'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 United Parcel Service's Receivables Turnover
For the Integrated Freight & Logistics subindustry, United Parcel Service'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.
United Parcel Service's Receivables Turnover Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, United Parcel Service's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where United Parcel Service's Receivables Turnover falls into.
United Parcel Service Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
United Parcel Service'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.
United Parcel Service (NYSE:UPS) 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.
United Parcel Service Receivables Turnover Related Terms
Thank you for viewing the detailed overview of United Parcel Service's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
United Parcel Service (United Parcel Service) Business Description
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.
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