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Willis Lease Finance Corp (NASDAQ: WLFC) |
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Willis Lease Finance Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023
Quarterly Results, Trends, Rankings, Statistics
Willis Lease Finance Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2024 to a ratio of 10.04, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Willis Lease Finance in Sep 30 2024 quarter, has decreased to 36 days, compared to 41 days, in the Jun 30 2024 quarter.
If we take a look into Capital Goods sector 31 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 667, from overall ranking in the second quarter 2024 at 2240.
What is Receivable Turnover Ratio?
What is Willis Lease Finance Corp Selling?
What is Receivable Turnover Ratio?
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| WLFC Receivables Turnover Ratio |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
| Y / Y Receivable Change |
-19.95 % |
3.51 % |
27.69 % |
18.05 % |
14.41 % |
| Y / Y Revenue Change |
38.28 % |
38.65 % |
33 % |
48.62 % |
35.44 % |
| Receivable Turnover Ratio (TTM) |
10.04 |
8.88 |
8.19 |
8.15 |
7.76 |
| WLFC's Total
Ranking |
# 667 |
# 2240 |
# 1220 |
# 1965 |
# 1659 |
| Average receivable collection period |
36 |
41 |
45 |
45 |
47 |
| Seq. Receivable Change |
-31.47 % |
-12.58 % |
5.81 % |
26.3 % |
-11.39 % |
| Seq. Revenue Change |
-3.24 % |
26.9 % |
4.2 % |
8.07 % |
-2.98 % |
| Receivable
Turnover Ratio Statistics |
| High |
Average |
Low |
| 19 |
11.15 |
6.54 |
| (Jun 30 2017) |
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(Dec 31 2021) |
News about Willis Lease Finance Corp |
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Willis Lease Finance Corp Shares Surge Amid Strong Q2 Earnings and Strategic Leadership Moves In recent weeks, shares of Willis Lease Finance Corporation (NASDAQ: WLFC) have witnessed a notable ascent, driven by a confluence of positive financial performance and strategic corporate developments. The company s ability to adapt and thrive amid market fluctuations highlights its growing significance in the aviation services and commercial aircraft leasing sector.On August 1, 2024, Willis Lease Finance announced its earnings report for the second quarter of 2024, revealing an impressive earnings per share (EPS) of $6.21 and total revenue of $151.12 million. This robust financial performance not only aligns with investor expectations but fortifies confidence in the company s strategic direction. The remarkable ability to generate substantial revenue amidst a competitive landscape reflects the effective management practices and operational efficiencies that management has entrenched within the company.
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| Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Capital Goods Sector | Receivable Turnover Ratio | Revenues for 12 Months ending Sep 30 2024 | Receivable at quarter ending Sep 30 2024 | | Taylor Morrison Home Corp | 39.32 | $ 7,832.176 Millions | $ 199.201 Millions | | Beazer Homes Usa Inc | 37.31 | $ 2,327.294 Millions | $ 62.379 Millions | | Tri Pointe Homes Inc | 35.48 | $ 5,101.255 Millions | $ 143.783 Millions | | Byrna Technologies Inc | 34.83 | $ 71.781 Millions | $ 2.061 Millions | | Champion Homes Inc | 33.26 | $ 2,221.580 Millions | $ 66.798 Millions | | Lockheed Martin Corporation | 30.15 | $ 71,295.000 Millions | $ 2,365.000 Millions | | Comfort Systems Usa inc | 28.53 | $ 6,517.238 Millions | $ 228.403 Millions | | Mastercraft Boat Holdings Inc | 24.71 | $ 327.059 Millions | $ 13.238 Millions | | Malibu Boats Inc | 22.72 | $ 743.510 Millions | $ 32.720 Millions | | Cavco Industries Inc | 21.85 | $ 1,850.521 Millions | $ 84.707 Millions | | Forza X1 Inc | 18.39 | $ 0.575 Millions | $ 0.031 Millions | | Kb Home | 18.01 | $ 6,604.175 Millions | $ 366.700 Millions | | L3harris Technologies Inc | 16.86 | $ 21,244.000 Millions | $ 1,260.000 Millions | | Leonardo Drs Inc | 16.51 | $ 3,179.000 Millions | $ 192.500 Millions | | Shimmick Corporation | 16.15 | $ 831.556 Millions | $ 51.478 Millions | | Huntington Ingalls Industries Inc | 15.45 | $ 11,547.000 Millions | $ 747.250 Millions | | Energy Vault Holdings Inc | 15.19 | $ 130.287 Millions | $ 8.575 Millions | | Winnebago Industries Inc | 15.19 | $ 2,843.100 Millions | $ 187.225 Millions | | Fluor Corporation | 15.07 | $ 16,226.000 Millions | $ 1,076.500 Millions | | Cpi Aerostructures Inc | 14.82 | $ 82.628 Millions | $ 5.574 Millions | | Expion360 Inc | 14.27 | $ 5.365 Millions | $ 0.376 Millions | | Northrop Grumman Corp | 13.35 | $ 40,985.000 Millions | $ 3,070.500 Millions | | Sono Tek Corp | 12.68 | $ 20.651 Millions | $ 1.629 Millions | | Redwire Corporation | 12.01 | $ 296.175 Millions | $ 24.670 Millions | | Hillman Solutions Corp | 11.98 | $ 1,470.841 Millions | $ 122.738 Millions | | Sunrun Inc | 11.57 | $ 2,035.817 Millions | $ 176.031 Millions | | Ampco pittsburgh Corp | 11.16 | $ 425.477 Millions | $ 38.125 Millions | | Rocket Lab Usa Inc | 10.46 | $ 363.286 Millions | $ 34.742 Millions | | Enovix Corporation | 10.42 | $ 20.515 Millions | $ 1.969 Millions | | Greystone Logistics Inc | 10.25 | $ 57.574 Millions | $ 5.615 Millions |
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