Crown Castle (LTS:0I4W) Receivables Turnover : 2.98 (As of Mar. 2024)

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What is Crown Castle 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. Crown Castle's Revenue for the three months ended in Mar. 2024 was $1,641 Mil. Crown Castle's average Accounts Receivable for the three months ended in Mar. 2024 was $550 Mil. Hence, Crown Castle's Receivables Turnover for the three months ended in Mar. 2024 was 2.98.

Crown Castle Receivables Turnover Historical Data

The historical data trend for Crown Castle'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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Crown Castle Receivables Turnover Chart

Crown Castle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.97

11.37

11.89

10.31

10.60

Crown Castle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.51	2.87	2.69	2.74	2.98

Competitive Comparison of Crown Castle's Receivables Turnover

For the REIT - Specialty subindustry, Crown Castle'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.

Crown Castle's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Crown Castle's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Crown Castle's Receivables Turnover falls into.

Crown Castle Receivables Turnover Calculation

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

Crown Castle's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6981	/ (	(720	+	597)	/	2 )
=	6981	/	658.5
=	10.60

Crown Castle's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1641	/ (	(597	+	503)	/	2 )
=	1641	/	550
=	2.98

Crown Castle (LTS:0I4W) 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.

Crown Castle Receivables Turnover Related Terms

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Crown Castle (LTS:0I4W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (LTS:0I4W) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CCI:USA 8CW:Germany C1CI34:Brazil

Address

8020 Katy Freeway, Houston, TX, USA, 77024-1908

Website

https://www.crowncastle.com

Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle (LTS:0I4W) Headlines

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