Localiza Rent A Car (BSP:RENT3) Days Payable

: 125.66 (As of Dec. 2023)

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Localiza Rent A Car's average Accounts Payable for the three months ended in Dec. 2023 was R$7,535 Mil. Localiza Rent A Car's Cost of Goods Sold for the three months ended in Dec. 2023 was R$5,471 Mil. Hence, Localiza Rent A Car's Days Payable for the three months ended in Dec. 2023 was 125.66.

The historical rank and industry rank for Localiza Rent A Car's Days Payable or its related term are showing as below:

BSP:RENT3' s Days Payable Range Over the Past 10 Years
Min: 86.78 Med: 106.79 Max: 135
Current: 120.17

During the past 13 years, Localiza Rent A Car's highest Days Payable was 135.00. The lowest was 86.78. And the median was 106.79.

BSP:RENT3's Days Payable is ranked better than
79.83% of 927 companies
in the Business Services industry
Industry Median: 47.39 vs BSP:RENT3: 120.17

Localiza Rent A Car's Days Payable declined from Dec. 2022 (167.23) to Dec. 2023 (125.66). It may suggest that Localiza Rent A Car accelerated paying its suppliers.

Localiza Rent A Car Days Payable Historical Data

The historical data trend for Localiza Rent A Car's Days Payable 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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Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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113.21

104.11

109.46

135.00

133.22

Localiza Rent A Car Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															167.23	125.40	101.64	97.03	125.66

Competitive Comparison

For the Rental & Leasing Services subindustry, Localiza Rent A Car's Days Payable, along with its competitors' market caps and Days Payable 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.

Localiza Rent A Car Days Payable Distribution

For the Business Services industry and Industrials sector, Localiza Rent A Car's Days Payable distribution charts can be found below:

* The bar in red indicates where Localiza Rent A Car's Days Payable falls into.

Localiza Rent A Car Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Localiza Rent A Car's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (6177.751	+	8881.381)	/	2 )	/	20630.206	*	365
=	7529.566					/	20630.206	*	365
=	133.22

Localiza Rent A Car's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6188.032	+	8881.381)	/	2 )	/	5471.251	*	365 / 4
=	7534.7065					/	5471.251	*	365 / 4
=	125.66

Localiza Rent A Car Days Payable Related Terms

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Localiza Rent A Car (BSP:RENT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (BSP:RENT3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LZRFY:USA

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (BSP:RENT3) Headlines

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