CAR Group (ASX:CAR) Receivables Turnover : 4.06 (As of Dec. 2023)

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What is CAR Group 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. CAR Group's Revenue for the six months ended in Dec. 2023 was A$531.0 Mil. CAR Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$130.9 Mil. Hence, CAR Group's Receivables Turnover for the six months ended in Dec. 2023 was 4.06.

CAR Group Receivables Turnover Historical Data

The historical data trend for CAR Group'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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CAR Group Receivables Turnover Chart

CAR Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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7.87

8.48

10.39

11.65

9.94

CAR Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.15	5.48	5.52	4.82	4.06

Competitive Comparison of CAR Group's Receivables Turnover

For the Internet Content & Information subindustry, CAR Group'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.

CAR Group's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CAR Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CAR Group's Receivables Turnover falls into.

CAR Group Receivables Turnover Calculation

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

CAR Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	781.236	/ (	(45.525	+	111.647)	/	2 )
=	781.236	/	78.586
=	9.94

CAR Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	530.964	/ (	(111.647	+	150.078)	/	2 )
=	530.964	/	130.8625
=	4.06

CAR Group (ASX:CAR) 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.

CAR Group Receivables Turnover Related Terms

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CAR Group (ASX:CAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CAR Group Ltd (ASX:CAR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CSXXY:USA

Address

449 Punt Road, Level 4, Richmond, VIC, AUS, 3121

Website

https://www.cargroup.com

CAR Group is a technology company operating in the motor vehicles sector. CAR Group's primary business is its Australian online marketplace for automotive, www.carsales.com.au. It is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. CAR Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data and replacement parts businesses.