Lumi Rental Co (SAU:4262) Receivables Turnover : 1.37 (As of Dec. 2024)

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What is Lumi Rental Co 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. Lumi Rental Co's Revenue for the three months ended in Dec. 2024 was ﷼402 Mil. Lumi Rental Co's average Accounts Receivable for the three months ended in Dec. 2024 was ﷼293 Mil. Hence, Lumi Rental Co's Receivables Turnover for the three months ended in Dec. 2024 was 1.37.

Lumi Rental Co Receivables Turnover Historical Data

The historical data trend for Lumi Rental Co'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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Lumi Rental Co Receivables Turnover Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Dec24

Receivables Turnover

4.51

5.32

6.07

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial					1.32	1.44	1.19	1.28	1.37

Competitive Comparison of Lumi Rental Co's Receivables Turnover

For the Rental & Leasing Services subindustry, Lumi Rental Co'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.

Lumi Rental Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lumi Rental Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lumi Rental Co's Receivables Turnover falls into.

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Lumi Rental Co Receivables Turnover Calculation

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

Lumi Rental Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1549.769	/ (	(242.399	+	268.423)	/	2 )
=	1549.769	/	255.411
=	6.07

Lumi Rental Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	402.128	/ (	(316.627	+	268.423)	/	2 )
=	402.128	/	292.525
=	1.37

Lumi Rental Co (SAU:4262) 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.

Lumi Rental Co Receivables Turnover Related Terms

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Lumi Rental Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud Bin Abdulaziz Bin Mohammed road, P.O box 6477, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company that offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has three reportable segments which are Leasing segment includes Providing vehicles on long-term leases to corporate and government customers. Rental segment includes Providing vehicles on daily, weekly, and monthly rentals to walking and corporate customers, and Used car sale segment provides the sale of vehicles that have completed their economical life as per management policy. Key revenue is generated from leasing.

Lumi Rental Co Headlines

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