We Buy Cars Holding (JSE:WBC) Receivables Turnover : 347.42 (As of Sep. 2024)

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What is We Buy Cars Holding 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. We Buy Cars Holding's Revenue for the six months ended in Sep. 2024 was R23,520 Mil. We Buy Cars Holding's average Accounts Receivable for the six months ended in Sep. 2024 was R68 Mil. Hence, We Buy Cars Holding's Receivables Turnover for the six months ended in Sep. 2024 was 347.42.

We Buy Cars Holding Receivables Turnover Historical Data

The historical data trend for We Buy Cars Holding'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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We Buy Cars Holding Receivables Turnover Chart

We Buy Cars Holding Annual Data

Trend

Mar21

Sep23

Sep24

Receivables Turnover

308.75

347.42

We Buy Cars Holding Semi-Annual Data
	Mar21	Sep23	Sep24
Receivables Turnover	-	308.75	347.42

Competitive Comparison of We Buy Cars Holding's Receivables Turnover

For the Auto & Truck Dealerships subindustry, We Buy Cars Holding'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.

We Buy Cars Holding's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where We Buy Cars Holding's Receivables Turnover falls into.

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We Buy Cars Holding Receivables Turnover Calculation

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

We Buy Cars Holding's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	23520.268	/ (	(45.502	+	89.897)	/	2 )
=	23520.268	/	67.6995
=	347.42

We Buy Cars Holding's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	23520.268	/ (	(45.502	+	89.897)	/	2 )
=	23520.268	/	67.6995
=	347.42

We Buy Cars Holding (JSE:WBC) 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.

We Buy Cars Holding Receivables Turnover Related Terms

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We Buy Cars Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » We Buy Cars Holding Ltd (JSE:WBC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Byls Bridge Boulevard, Building 7, Byls Bridge Office Park, Centurion, GT, ZAF, 0046

Website

https://www.webuycars.co.za

We Buy Cars Holding Ltd is engaged in vehicle buying service. The company's offering extends beyond the buying and selling of vehicles. It offers finance solutions, insurance products, and services to protect the customer's car. It generates the majority of its revenue from the sale of motor vehicles.