RMIAF (Automotive Finco) Receivables Turnover : 0.17 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Automotive Finco 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. Automotive Finco's Revenue for the three months ended in Sep. 2024 was $0.56 Mil. Automotive Finco's average Accounts Receivable for the three months ended in Sep. 2024 was $3.26 Mil. Hence, Automotive Finco's Receivables Turnover for the three months ended in Sep. 2024 was 0.17.

Automotive Finco Receivables Turnover Historical Data

The historical data trend for Automotive Finco'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.

* Premium members only.

Automotive Finco Receivables Turnover Chart

Automotive Finco Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.93

1.00

1.63

Automotive Finco Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.35	0.27	0.21	0.19	0.17

Competitive Comparison of Automotive Finco's Receivables Turnover

For the Credit Services subindustry, Automotive Finco'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.

Automotive Finco's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Automotive Finco's Receivables Turnover distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Automotive Finco Receivables Turnover Calculation

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

Automotive Finco'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 )
=	1.993	/ (	(0.224	+	2.22)	/	2 )
=	1.993	/	1.222
=	1.63

Automotive Finco'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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	0.555	/ (	(3.238	+	3.276)	/	2 )
=	0.555	/	3.257
=	0.17

Automotive Finco (OTCPK:RMIAF) 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.

Automotive Finco Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Automotive Finco's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Automotive Finco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Automotive Finco Corp (OTCPK:RMIAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AFCC.H:Canada

Address

Yonge King, PO Box 17026, Toronto, ON, CAN, M5E 1Y2

Website

https://www.autofincocorp.com

Automotive Finco Corp p is a finance company focused exclusively on the auto retail sector. The company also pursues other direct investments and financing opportunities across the auto retail sector. Through its investment in Automotive Finance LP, it is engaged in the business of lending and administering investment funds. The Company has only one operating segment: Investment issuer focused on providing debt financing and making other investments in the auto retail sector.