LAZYW (Lazydays Holdings) Receivables Turnover : 8.52 (As of Jun. 2024)

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What is Lazydays Holdings 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. Lazydays Holdings's Revenue for the three months ended in Jun. 2024 was $238.69 Mil. Lazydays Holdings's average Accounts Receivable for the three months ended in Jun. 2024 was $28.03 Mil. Hence, Lazydays Holdings's Receivables Turnover for the three months ended in Jun. 2024 was 8.52.

Lazydays Holdings Receivables Turnover Historical Data

The historical data trend for Lazydays Holdings'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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Lazydays Holdings Receivables Turnover Chart

Lazydays Holdings Annual Data

Trend

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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40.24

46.05

49.33

47.68

45.35

Lazydays Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															10.84	11.16	8.90	10.84	8.52

Competitive Comparison of Lazydays Holdings's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Lazydays Holdings'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.

Lazydays Holdings's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

Lazydays Holdings Receivables Turnover Calculation

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

Lazydays Holdings'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 )
=	1082.747	/ (	(25.053	+	22.694)	/	2 )
=	1082.747	/	23.8735
=	45.35

Lazydays Holdings's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	238.694	/ (	(27.244	+	28.806)	/	2 )
=	238.694	/	28.025
=	8.52

Lazydays Holdings (OTCPK:LAZYW) 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.

Lazydays Holdings Receivables Turnover Related Terms

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Lazydays Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lazydays Holdings Inc (OTCPK:LAZYW) » Definitions » Receivables Turnover

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GORV:USA

Address

4042 Park Oaks Boulevard, Suite 350, Tampa, FL, USA, 33610

Website

https://www.lazydays.com

Lazydays Holdings Inc operates recreational vehicle dealerships. It provides products and services for RV owners and outdoor enthusiasts. The company generate revenue providing a full spectrum of RV products: New and pre-owned RV sales, RV-parts and service, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities.