Forward Air Corporation (FWRD)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,474,260	1,370,740	1,973,400	1,662,430	1,269,570
Receivables	US$ in thousands	—	—	—	—	—
Receivables turnover		—	—	—	—	—

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,474,260K ÷ $—K
= —

Based on the provided data for Forward Air Corporation, the receivables turnover ratio is not available for the years ending December 31, 2020 to December 31, 2024. Without this specific ratio, it is challenging to assess how efficiently the company is collecting outstanding receivables from its customers during these periods. The absence of this ratio information may indicate that detailed data on accounts receivable and revenue was either not disclosed or not accessible in the available data set.

Analyzing receivables turnover is crucial for understanding how effectively a company manages its accounts receivable and converts credit sales into cash. A high receivables turnover ratio typically indicates that the company collects its receivables quickly, which is generally positive. On the other hand, a low ratio may suggest potential issues with collecting outstanding payments promptly. Without the specific values for Forward Air Corporation's receivables turnover, further insights into its efficiency in managing receivables and cash flow cannot be provided at this time.