AutoNation Inc (AN)

Receivables turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	26,948,900	26,878,500	26,651,800	26,630,900	26,985,000	26,870,300	26,583,800	26,693,000	25,844,000	25,046,800	24,072,200	21,626,800	20,390,000	20,153,800	20,210,100	21,020,900	21,335,700	21,198,500	21,086,500	21,134,700
Receivables	US$ in thousands	1,040,400	877,300	842,300	742,700	858,800	649,400	705,400	747,900	730,000	628,100	773,500	883,500	845,200	682,500	673,300	512,900	916,700	829,500	780,800	782,700
Receivables turnover		25.90	30.64	31.64	35.86	31.42	41.38	37.69	35.69	35.40	39.88	31.12	24.48	24.12	29.53	30.02	40.98	23.27	25.56	27.01	27.00

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $26,948,900K ÷ $1,040,400K
= 25.90

Autonation Inc.'s receivables turnover has shown varying trends over the past eight quarters. The company's receivables turnover ratio decreased from Q4 2022 to Q1 2023 but then increased steadily in the following quarters, reaching its peak at 35.86 in Q1 2023. This indicates that Autonation Inc. was collecting its accounts receivable more efficiently in Q1 2023 compared to the previous quarters. However, the ratio dropped slightly in Q2 and Q3 2023 before increasing again in Q4 2023.

Overall, the trend in Autonation Inc.'s receivables turnover suggests that the company improved its efficiency in collecting receivables in the first quarter of 2023. This could be a positive sign of effective credit management or prompt collection efforts. However, the fluctuations in the ratio over the other quarters indicate some variability in the company's receivables collection process that may require further monitoring and analysis.