What is Echo Global Logistics 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. Echo Global Logistics's Revenue for the
three
months ended in Sep. 2021 was $986 Mil. Echo Global Logistics's average Accounts Receivable for the
three
months ended in Sep. 2021 was $561 Mil.
Hence, Echo Global Logistics's Receivables Turnover for the
three
months ended in Sep. 2021 was 1.76.
Echo Global Logistics Receivables Turnover Historical Data
The historical data trend for Echo Global Logistics'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 Echo Global Logistics's Receivables Turnover
For the Integrated Freight & Logistics subindustry, Echo Global Logistics'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.
Echo Global Logistics's Receivables Turnover Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Echo Global Logistics's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Echo Global Logistics's Receivables Turnover falls into.
Echo Global Logistics Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Echo Global Logistics's Receivables Turnover for the fiscal year that ended in Dec. 2020 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.
Echo Global Logistics (NAS:ECHO) 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.
Echo Global Logistics Receivables Turnover Related Terms
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Echo Global Logistics (Echo Global Logistics) Business Description
Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.
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