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Surf Air Mobility (Surf Air Mobility) Receivables Turnover : 6.33 (As of Mar. 2024)


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What is Surf Air Mobility 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. Surf Air Mobility's Revenue for the three months ended in Mar. 2024 was $30.62 Mil. Surf Air Mobility's average Accounts Receivable for the three months ended in Mar. 2024 was $4.84 Mil. Hence, Surf Air Mobility's Receivables Turnover for the three months ended in Mar. 2024 was 6.33.


Surf Air Mobility Receivables Turnover Historical Data

The historical data trend for Surf Air Mobility'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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Surf Air Mobility Receivables Turnover Chart

Surf Air Mobility Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
46.58 134.07 230.39 23.61

Surf Air Mobility Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.55 2.93 11.03 6.04 6.33

Competitive Comparison of Surf Air Mobility's Receivables Turnover

For the Airlines subindustry, Surf Air Mobility'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.


Surf Air Mobility's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Surf Air Mobility's Receivables Turnover falls into.



Surf Air Mobility Receivables Turnover Calculation

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

Surf Air Mobility'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 )
=60.505 / ((0.161 + 4.965) / 2 )
=60.505 / 2.563
=23.61

Surf Air Mobility'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 )
=30.624 / ((4.965 + 4.71) / 2 )
=30.624 / 4.8375
=6.33

* 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.


Surf Air Mobility  (NYSE:SRFM) 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.


Surf Air Mobility Receivables Turnover Related Terms

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Surf Air Mobility (Surf Air Mobility) Business Description

Traded in Other Exchanges
N/A
Address
12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250
Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.
Executives
Edward A. Mady director 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack director 6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert director C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino director 201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter director C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani director 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White officer: Chief Financial Officer 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland director 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little director, officer: Chief Executive Officer 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250