Legg Mason (Legg Mason) Receivables Turnover : 1.64 (As of Jun. 2020)

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What is Legg Mason 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. Legg Mason's Revenue for the three months ended in Jun. 2020 was $666 Mil. Legg Mason's average Accounts Receivable for the three months ended in Jun. 2020 was $407 Mil. Hence, Legg Mason's Receivables Turnover for the three months ended in Jun. 2020 was 1.64.

Legg Mason Receivables Turnover Historical Data

The historical data trend for Legg Mason'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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Legg Mason Receivables Turnover Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Receivables Turnover

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7.57

7.52

6.91

6.44

7.01

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Receivables Turnover	Get a 7-Day Free Trial															1.66	1.69	1.64	1.65	1.64

Competitive Comparison of Legg Mason's Receivables Turnover

For the Asset Management subindustry, Legg Mason'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.

Legg Mason's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legg Mason's Receivables Turnover distribution charts can be found below:

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

Legg Mason Receivables Turnover Calculation

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

Legg Mason's Receivables Turnover for the fiscal year that ended in Mar. 2020 is calculated as

	Receivables Turnover (A: Mar. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2020 )	/ (	(Accounts Receivable (A: Mar. 2019 )	+	Accounts Receivable (A: Mar. 2020 ))	/	count )
=	2922.125	/ (	(425.47	+	407.893)	/	2 )
=	2922.125	/	416.6815
=	7.01

Legg Mason's Receivables Turnover for the quarter that ended in Jun. 2020 is calculated as

	Receivables Turnover (Q: Jun. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2020 )	/ (	(Accounts Receivable (Q: Mar. 2020 )	+	Accounts Receivable (Q: Jun. 2020 ))	/	count )
=	666.186	/ (	(407.893	+	406.411)	/	2 )
=	666.186	/	407.152
=	1.64

Legg Mason (NYSE:LM) 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.

Legg Mason Receivables Turnover Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.