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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. 2 Cheap Cars Group's Revenue for the
six
months ended in Mar. 2026 was NZ$41.51 Mil. 2 Cheap Cars Group's average Accounts Receivable for the
six
months ended in Mar. 2026 was NZ$0.37 Mil.
Hence, 2 Cheap Cars Group's Receivables Turnover for the
six
months ended in Mar. 2026 was 113.26.
2 Cheap Cars Group (NZSE:2CC) 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.
2 Cheap Cars Group Receivables Turnover Related Terms
2 Cheap Cars Group Receivables Turnover Historical Data
* Premium members only.
The historical data trend for 2 Cheap Cars 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.
NZSE:2CC vs CVNA, PAG, ALTB: Receivables Turnover Comparison
For the Auto & Truck Dealerships subindustry, 2 Cheap Cars 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.
2 Cheap Cars Group Receivables Turnover vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where 2 Cheap Cars Group's Receivables Turnover falls into.
* 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.
2 Cheap Cars Group (NZSE:2CC) has a Receivables Turnover of 113.26 as of Mar. 2026. 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 2 Cheap Cars Group and its competitors. According to the industry distribution chart, 2 Cheap Cars Group ranks #9 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 0.7%.
Is 2 Cheap Cars Group's Receivables Turnover too high?
2 Cheap Cars Group's current Receivables Turnover is 113.26. The Vehicles & Parts industry median Receivables Turnover is 5.99. 2 Cheap Cars Group's value of 113.26 is 1792.4% above this industry median. Based on the distribution chart, 2 Cheap Cars Group ranks #9 out of 1316 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, 2 Cheap Cars Group has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2 Cheap Cars Group's Receivables Turnover compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, 2 Cheap Cars Group ranks #9 out of 1316 companies for Receivables Turnover. This places 2 Cheap Cars Group in the top 1% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.99. 2 Cheap Cars Group's value of 113.26 is 1792.4% 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 Vehicles & Parts company?
The median Receivables Turnover among Vehicles & Parts companies is 5.99, based on 1,316 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. 2 Cheap Cars Group's current Receivables Turnover of 113.26 is 1792.4% 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 2 Cheap Cars Group and its competitors. For the Vehicles & Parts industry, the median Receivables Turnover is 5.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2 Cheap Cars Group's current Receivables Turnover is 113.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2 Cheap Cars Group stock overvalued right now?
Based on GuruFocus' analysis, 2 Cheap Cars Group (NZSE:2CC) is currently considered Fairly Valued. The stock's GF Value™ is NZ$0.71, compared to a current price of NZ$0.78 — trading 9.9% above its estimated fair value. The current Receivables Turnover is 113.26 and 1792.4% above the Vehicles & Parts industry median of 5.99. 2 Cheap Cars Group's overall GF Score™ is 52/100 with 5 warning signs to review. 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 2 Cheap Cars Group (NZSE:2CC), the current Receivables Turnover is 113.26 as of Mar. 2026. 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.
Is 2 Cheap Cars Group (NZSE:2CC) Overvalued in 2026?
Based on GuruFocus' analysis, 2 Cheap Cars Group stock appears to be overvalued.
The current stock price of NZ$0.78 is trading 9.9% above its estimated GF Value™ of NZ$0.71.
GuruFocus considers 2 Cheap Cars Group to be Fairly Valued.
Key valuation signals for NZSE:2CC:
Receivables Turnover: 113.26
GF Value™: NZ$0.71 vs. price of NZ$0.78 (9.9% above fair value)
Industry Position: 1792.4% above the Vehicles & Parts median (#9 of 1316)
No single metric tells the full story. See the NZSE:2CC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The group draws revenue from the two divisions: automotive retail division, revenue is derived from the sale of vehicles and from agent commissions relating to third-party finance and insurance products.
52GF Score
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