Frontier Communications Parent Inc (FYBR)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,751,000 | 5,762,000 | 5,770,000 | 5,780,000 | 5,787,000 | 5,893,000 | 6,065,000 | 6,282,000 | 6,530,000 | 6,713,000 | 6,898,000 | 7,155,000 | 7,402,000 | 7,673,000 | 7,939,000 | 8,107,000 | 8,289,000 | 8,418,000 | 8,513,000 | 8,611,000 |
| Receivables | US$ in thousands | 446,000 | 449,000 | 431,000 | 430,000 | 456,000 | 422,000 | 420,000 | 397,000 | 458,000 | — | 519,000 | 553,000 | 638,000 | 682,000 | 667,000 | 700,000 | 730,000 | 751,000 | 797,000 | 806,000 |
| Receivables turnover | 12.89 | 12.83 | 13.39 | 13.44 | 12.69 | 13.96 | 14.44 | 15.82 | 14.26 | — | 13.29 | 12.94 | 11.60 | 11.25 | 11.90 | 11.58 | 11.35 | 11.21 | 10.68 | 10.68 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,751,000K ÷ $446,000K
= 12.89
The receivables turnover ratio of Frontier Communications Parent Inc has fluctuated over the past years, ranging from 10.68 to 15.82. This ratio measures how efficiently the company collects its accounts receivable during a period. A higher turnover indicates that the company is collecting its outstanding receivables more quickly.
In the recent quarters, the receivables turnover has been relatively stable, with values around 12.69 to 13.96. This suggests that Frontier Communications Parent Inc has been managing its accounts receivable effectively and collecting payments in a timely manner.
However, the company experienced a slight decline in receivables turnover in the most recent quarter compared to the peak turnover of 15.82 in the same period a year ago. This could indicate a potential delay in collecting receivables or changes in the company's credit policies.
Overall, Frontier Communications Parent Inc's receivables turnover ratio reflects a consistent performance in managing its accounts receivable, although monitoring future trends is essential to ensure continued efficiency in the collection process.
Peer comparison
Dec 31, 2023