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. CoStar Group's Revenue for the
three
months ended in Mar. 2024 was $656 Mil. CoStar Group's average Accounts Receivable for the
three
months ended in Mar. 2024 was $194 Mil.
Hence, CoStar Group's Receivables Turnover for the
three
months ended in Mar. 2024 was 3.39.
CoStar Group Receivables Turnover Historical Data
The historical data trend for CoStar Group'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.
Competitive Comparison of CoStar Group's Receivables Turnover
For the Real Estate Services subindustry, CoStar Group'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.
CoStar Group's Receivables Turnover Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, CoStar Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where CoStar Group's Receivables Turnover falls into.
CoStar Group Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
CoStar Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
CoStar Group (NAS:CSGP) 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.
CoStar Group Receivables Turnover Related Terms
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CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and LandsofAmerica, with more than 80% of its revenue classified as subscription-based. The company also recently expanded its presence in Canada, the United Kingdom, Spain, and France.
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