Avis Budget Group (FRA:CUCA) Receivables Turnover : 3.07 (As of Dec. 2023)

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What is Avis Budget 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. Avis Budget Group's Revenue for the three months ended in Dec. 2023 was €2,586 Mil. Avis Budget Group's average Accounts Receivable for the three months ended in Dec. 2023 was €843 Mil. Hence, Avis Budget Group's Receivables Turnover for the three months ended in Dec. 2023 was 3.07.

Avis Budget Group Receivables Turnover Historical Data

The historical data trend for Avis Budget 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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Avis Budget Group Receivables Turnover Chart

Avis Budget Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.04

6.76

14.06

16.94

14.61

Avis Budget Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.37	3.47	3.90	4.12	3.07

Competitive Comparison of Avis Budget Group's Receivables Turnover

For the Rental & Leasing Services subindustry, Avis Budget 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.

Avis Budget Group's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avis Budget Group's Receivables Turnover distribution charts can be found below:

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

Avis Budget Group Receivables Turnover Calculation

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

Avis Budget Group'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 )
=	11612.888	/ (	(764.64	+	825.3)	/	2 )
=	11612.888	/	794.97
=	14.61

Avis Budget 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2585.94	/ (	(860.166	+	825.3)	/	2 )
=	2585.94	/	842.733
=	3.07

Avis Budget Group (FRA:CUCA) 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.

Avis Budget Group Receivables Turnover Related Terms

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Avis Budget Group (FRA:CUCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avis Budget Group Inc (FRA:CUCA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CAR:USA CAR:Mexico CUCA:Germany CAR:Argentina

Address

6 Sylvan Way, Parsippany, NJ, USA, 07054

Website

https://www.avisbudgetgroup.com

Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

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