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Matson Inc Accounts Receivables Turnover Ratio from the second quarter 2024 to the second quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Matson Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2024 to a ratio of 10.66, above the company average. This is a clear sign of healthy business climate in the Cruise and Shipping industry and improving liquidity at their respective customers, during the second quarter 2024. Average collection period, for Matson Inc 's accounts receivable remained unchanged at 34 days, in the Jun 30 2024 quarter.
If we take a look into Services sector 174 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2024 from 237 to 1054.
What is Receivable Turnover Ratio?
What is Matson Inc Selling?
What is Receivable Turnover Ratio?
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| MATX Receivables Turnover Ratio |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Receivable Change |
8.07 % |
7 % |
4.06 % |
-7.09 % |
-25.12 % |
| Y / Y Revenue Change |
9.57 % |
2.45 % |
-1.58 % |
-25.77 % |
-38.67 % |
| Receivable Turnover Ratio (TTM) |
10.66 |
10.62 |
10.74 |
10.89 |
11.66 |
| MATX's Total
Ranking |
# 1054 |
# 237 |
# 1185 |
# 161 |
# 789 |
| Average receivable collection period |
34 |
34 |
34 |
34 |
31 |
| Seq. Receivable Change |
1.72 % |
8.38 % |
-8.45 % |
7.09 % |
0.71 % |
| Seq. Revenue Change |
17.35 % |
-8.47 % |
-4.66 % |
7 % |
9.73 % |
| Receivable
Turnover Ratio Statistics |
| High |
Average |
Low |
| 1.37 |
0.97 |
0.35 |
| (Dec 31 2013) |
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(Sep. 30, 2013) |
| Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2024, within Services Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Jun 30 2024 | Receivable at quarter ending Jun 30 2024 | | Amc Entertainment Holdings Inc | 28.33 | $ 4,492.300 Millions | $ 158.575 Millions | | Xenia Hotels and Resorts Inc | 27.80 | $ 1,025.796 Millions | $ 36.902 Millions | | Frp Holdings Inc | 27.75 | $ 41.306 Millions | $ 1.488 Millions | | Sunstone Hotel Investors inc | 27.74 | $ 931.572 Millions | $ 33.585 Millions | | Red Rock Resorts Inc | 27.67 | $ 1,849.620 Millions | $ 66.835 Millions | | Altice Usa Inc | 27.49 | $ 9,110.502 Millions | $ 331.358 Millions | | Las Vegas Sands Corp | 26.43 | $ 11,430.000 Millions | $ 432.500 Millions | | Fat Brands Inc | 26.36 | $ 572.009 Millions | $ 21.704 Millions | | Chegg Inc | 25.35 | $ 681.901 Millions | $ 26.897 Millions | | Krispy Kreme Inc | 25.01 | $ 1,739.779 Millions | $ 69.569 Millions | | Ashford Inc | 24.90 | $ 789.497 Millions | $ 31.711 Millions | | Denny s Corporation | 24.16 | $ 455.437 Millions | $ 18.853 Millions | | Urban Edge Properties | 24.15 | $ 434.588 Millions | $ 17.996 Millions | | Wynn Resorts Limited | 23.58 | $ 7,108.237 Millions | $ 301.479 Millions | | Americann Inc | 23.47 | $ 1.525 Millions | $ 0.065 Millions | | Penn Entertainment Inc | 22.73 | $ 6,284.700 Millions | $ 276.500 Millions | | Rush Street Interactive Inc | 22.62 | $ 801.545 Millions | $ 35.436 Millions | | Universal Technical Institute Inc | 22.34 | $ 706.627 Millions | $ 31.638 Millions | | Planet Fitness inc | 22.08 | $ 1,111.596 Millions | $ 50.343 Millions | | Bgsf Inc | 22.00 | $ 313.148 Millions | $ 14.236 Millions | | Six Flags Entertainment Corporation | 21.94 | $ 1,886.363 Millions | $ 85.963 Millions | | Churchill Downs Inc | 21.85 | $ 2,615.300 Millions | $ 119.675 Millions | | 21.49 | $ 3.022 Millions | $ 0.141 Millions | | Cable One Inc | 21.26 | $ 1,630.936 Millions | $ 76.721 Millions | | Fubotv Inc | 21.18 | $ 1,524.428 Millions | $ 71.961 Millions | | Papa John s International Inc | 21.06 | $ 2,115.944 Millions | $ 100.477 Millions | | Park Hotels and Resorts Inc | 20.51 | $ 2,661.000 Millions | $ 129.750 Millions | | Zillow Group Inc | 20.30 | $ 2,071.000 Millions | $ 102.000 Millions | | Caesars Entertainment inc | 20.16 | $ 11,391.000 Millions | $ 565.000 Millions | | Regis Corp | 19.97 | $ 202.982 Millions | $ 10.164 Millions |
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Date modified: 2024-09-07T16:43:52+00:00
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