Armac Locacao Logistica e Servicos (BSP:ARML3) Receivables Turnover : 1.26 (As of Mar. 2024)

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What is Armac Locacao Logistica e Servicos Receivables Turnover?

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. Armac Locacao Logistica e Servicos's Revenue for the three months ended in Mar. 2024 was R$388 Mil. Armac Locacao Logistica e Servicos's average Accounts Receivable for the three months ended in Mar. 2024 was R$308 Mil. Hence, Armac Locacao Logistica e Servicos's Receivables Turnover for the three months ended in Mar. 2024 was 1.26.

Armac Locacao Logistica e Servicos Receivables Turnover Historical Data

The historical data trend for Armac Locacao Logistica e Servicos'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.

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Armac Locacao Logistica e Servicos Receivables Turnover Chart

Armac Locacao Logistica e Servicos Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.72

6.88

4.01

4.67

4.83

Armac Locacao Logistica e Servicos Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													1.38	1.64	1.71	1.44	1.26

Competitive Comparison of Armac Locacao Logistica e Servicos's Receivables Turnover

For the Rental & Leasing Services subindustry, Armac Locacao Logistica e Servicos'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.

Armac Locacao Logistica e Servicos's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Armac Locacao Logistica e Servicos's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Armac Locacao Logistica e Servicos's Receivables Turnover falls into.

Armac Locacao Logistica e Servicos Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Armac Locacao Logistica e Servicos's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1360.967	/ (	(237.5	+	325.596)	/	2 )
=	1360.967	/	281.548
=	4.83

Armac Locacao Logistica e Servicos's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	387.787	/ (	(325.596	+	290.416)	/	2 )
=	387.787	/	308.006
=	1.26

Armac Locacao Logistica e Servicos (BSP:ARML3) 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.

Armac Locacao Logistica e Servicos Receivables Turnover Related Terms

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Armac Locacao Logistica e Servicos (BSP:ARML3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Armac Locacao Logistica e Servicos SA (BSP:ARML3) » Definitions » Receivables Turnover

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Address

Avenue Marcos Penteado de Ulhoa Rodrigues, 939, Jatoba Building, 7th Floor, Tambore, Barueri, SP, BRA, 06460

Website

https://www.armac.com.br

Armac Locacao Logistica e Servicos SA is engaged in offering machinery and equipment on a rental basis. Some of its equipment includes pavers, telescopic handlers, Compaction rollers, Motor graders, crawler tractors, excavators, and Loaders among others.

Armac Locacao Logistica e Servicos (BSP:ARML3) Headlines

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