GETR (Getaround) Receivables Turnover: 30.69 (As of Sep. 2024)


What is Getaround Receivables Turnover?

Getaround GETR Receivables Turnover is 30.69 as of Sep. 2024.

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. Getaround's Revenue for the three months ended in Sep. 2024 was $22.39 Mil. Getaround's average Accounts Receivable for the three months ended in Sep. 2024 was $0.73 Mil. Hence, Getaround's Receivables Turnover for the three months ended in Sep. 2024 was 30.69.


Getaround  (OTCPK:GETR) 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.


Getaround Receivables Turnover Related Terms


Getaround Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Getaround'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.

Getaround Receivables Turnover Chart

Getaround Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
20.71 26.43 48.16 104.88

Getaround Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.08 23.87 21.17 24.80 30.69

GETR vs EHVVF, FMTOF, FYNN: Receivables Turnover Comparison

For the Software - Application subindustry, Getaround'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.


Getaround Receivables Turnover vs Software Industry

For the Software industry and Technology sector, Getaround's Receivables Turnover distribution charts can be found below:

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



Getaround Receivables Turnover Calculation

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

Getaround's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=72.68 / ((0.533 + 0.853) / 2 )
=72.68 / 0.693
=104.88

Getaround's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=22.387 / ((0.731 + 0.728) / 2 )
=22.387 / 0.7295
=30.69

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 30.69 mean?
Getaround (GETR) has a Receivables Turnover of 30.69 as of Sep. 2024. The accounts 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. View historical data on Getaround and its competitors.
Is Getaround's Receivables Turnover too high?
Getaround's current Receivables Turnover is 30.69. The Software industry median Receivables Turnover is 5.67. Getaround's value of 30.69 is 441.3% above this industry median.
How does Getaround's Receivables Turnover compare to EHVVF and FMTOF?
Getaround's Receivables Turnover of 30.69 can be compared against companies in the Software industry. The industry median Receivables Turnover is 5.67. Getaround's value of 30.69 is 441.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.67, based on 2,771 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Getaround's current Receivables Turnover of 30.69 is 441.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Getaround and its competitors. For the Software industry, the median Receivables Turnover is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Getaround's current Receivables Turnover is 30.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Getaround stock overvalued right now?
Getaround (GETR) has a current Receivables Turnover of 30.69. The current Receivables Turnover is 30.69 and 441.3% above the Software industry median of 5.67. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Getaround (GETR), the current Receivables Turnover is 30.69 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Getaround Business Description

Address 55 Green Street, San Francisco, CA, USA, 94111
Getaround Inc operates as a developer of a carsharing platform designed to instantly access and drive cars shared by people. The company's platform provides users with simple on-demand car rentals. Getaround's on-demand technology enables a contactless experience no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys. It derives maximum revenue from United States.