CarGurus (FRA:0C6) Receivables Turnover : 5.13 (As of Mar. 2024)

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What is CarGurus 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. CarGurus's Revenue for the three months ended in Mar. 2024 was €198.5 Mil. CarGurus's average Accounts Receivable for the three months ended in Mar. 2024 was €38.7 Mil. Hence, CarGurus's Receivables Turnover for the three months ended in Mar. 2024 was 5.13.

CarGurus Receivables Turnover Historical Data

The historical data trend for CarGurus'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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CarGurus Receivables Turnover Chart

CarGurus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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33.25

25.98

9.22

14.76

20.74

CarGurus Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.17	5.94	5.26	5.12	5.13

Competitive Comparison of CarGurus's Receivables Turnover

For the Auto & Truck Dealerships subindustry, CarGurus'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.

CarGurus's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarGurus's Receivables Turnover distribution charts can be found below:

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

CarGurus Receivables Turnover Calculation

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

CarGurus'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 )
=	838.36	/ (	(44.195	+	36.646)	/	2 )
=	838.36	/	40.4205
=	20.74

CarGurus'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 )
=	198.532	/ (	(36.646	+	40.754)	/	2 )
=	198.532	/	38.7
=	5.13

CarGurus (FRA:0C6) 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.

CarGurus Receivables Turnover Related Terms

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CarGurus (FRA:0C6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarGurus Inc (FRA:0C6) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CARG:USA

Address

2 Canal Park, 4th Floor, Cambridge, MA, USA, 02141

Website

https://www.cargurus.com

CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listing through which it offers real-time and historical data analyzing the connections and pricing analysis. It also provides all dealers with a web widget to place Deal Rating Badges, which show deal rating. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two geographical segments namely United States and the International. It generates majority of revenue from the United States.

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