Air New Zealand (NZSE:AIR) Receivables Turnover : 7.50 (As of Dec. 2023)

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What is Air New Zealand 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. Air New Zealand's Revenue for the six months ended in Dec. 2023 was NZ$3,358 Mil. Air New Zealand's average Accounts Receivable for the six months ended in Dec. 2023 was NZ$448 Mil. Hence, Air New Zealand's Receivables Turnover for the six months ended in Dec. 2023 was 7.50.

Air New Zealand Receivables Turnover Historical Data

The historical data trend for Air New Zealand'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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Air New Zealand Receivables Turnover Chart

Air New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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13.39

13.68

10.97

10.83

17.22

Air New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.70	5.36	8.03	7.88	7.50

Competitive Comparison of Air New Zealand's Receivables Turnover

For the Airlines subindustry, Air New Zealand'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.

Air New Zealand's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air New Zealand's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Air New Zealand's Receivables Turnover falls into.

Air New Zealand Receivables Turnover Calculation

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

Air New Zealand's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	6330	/ (	(313	+	422)	/	2 )
=	6330	/	367.5
=	17.22

Air New Zealand's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3358	/ (	(422	+	473)	/	2 )
=	3358	/	447.5
=	7.50

Air New Zealand (NZSE:AIR) 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.

Air New Zealand Receivables Turnover Related Terms

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Air New Zealand (NZSE:AIR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ANZLY:USA ANZFF:USA BZU:Germany AIZ:Australia

Address

185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010

Website

https://www.airnewzealand.co.nz

Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.