Fly Leasing (Fly Leasing) Receivables Turnover : 1.31 (As of Mar. 2021)

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What is Fly Leasing 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. Fly Leasing's Revenue for the three months ended in Mar. 2021 was $80.0 Mil. Fly Leasing's average Accounts Receivable for the three months ended in Mar. 2021 was $61.3 Mil. Hence, Fly Leasing's Receivables Turnover for the three months ended in Mar. 2021 was 1.31.

Fly Leasing Receivables Turnover Historical Data

The historical data trend for Fly Leasing'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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Fly Leasing Receivables Turnover Chart

Fly Leasing Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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1,162.61

280.57

70.42

39.46

8.26

Fly Leasing Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Receivables Turnover	Get a 7-Day Free Trial															5.16	2.04	1.03	1.19	1.31

Competitive Comparison of Fly Leasing's Receivables Turnover

For the Aerospace & Defense subindustry, Fly Leasing'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.

Fly Leasing's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Fly Leasing's Receivables Turnover distribution charts can be found below:

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

Fly Leasing Receivables Turnover Calculation

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

Fly Leasing's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	294.3	/ (	(14.264	+	57.015)	/	2 )
=	294.3	/	35.6395
=	8.26

Fly Leasing's Receivables Turnover for the quarter that ended in Mar. 2021 is calculated as

	Receivables Turnover (Q: Mar. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2021 )	/ (	(Accounts Receivable (Q: Dec. 2020 )	+	Accounts Receivable (Q: Mar. 2021 ))	/	count )
=	79.973	/ (	(57.015	+	65.516)	/	2 )
=	79.973	/	61.2655
=	1.31

Fly Leasing (NYSE:FLY) 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.

Fly Leasing Receivables Turnover Related Terms

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Fly Leasing (Fly Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fly Leasing Ltd (NYSE:FLY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

West Pier Business Campus, Dun Laoghaire, County Dublin, IRL, A96 N6T7

Website

http://www.flyleasing.com

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.