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. LKQ's Revenue for the
three
months ended in Sep. 2024 was $3,584 Mil. LKQ's average Accounts Receivable for the
three
months ended in Sep. 2024 was $1,351 Mil.
Hence, LKQ's Receivables Turnover for the
three
months ended in Sep. 2024 was 2.65.
LKQ Receivables Turnover Historical Data
The historical data trend for LKQ'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.
Competitive Comparison of LKQ's Receivables Turnover
For the Auto Parts subindustry, LKQ'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.
LKQ's Receivables Turnover Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LKQ's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where LKQ's Receivables Turnover falls into.
LKQ Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
LKQ's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
LKQ (NAS:LKQ) 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.
LKQ Receivables Turnover Related Terms
Thank you for viewing the detailed overview of LKQ's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.
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