Avis Budget Group Inc (CAR)
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 | 12,008,000 | 12,015,000 | 11,998,000 | 12,119,000 | 11,994,000 | 11,792,000 | 11,246,000 | 10,373,000 | 9,313,000 | 8,099,000 | 6,632,000 | 5,021,000 | 5,402,000 | 6,209,000 | 7,428,000 | 9,005,000 | 9,172,000 | 9,060,000 | 9,085,000 | 9,076,000 |
| Receivables | US$ in thousands | 900,000 | 918,000 | 897,000 | 801,000 | 810,000 | 869,000 | 871,000 | 779,000 | 775,000 | 813,000 | 797,000 | 786,000 | 647,000 | 601,000 | 537,000 | 712,000 | 911,000 | 872,000 | 920,000 | 915,000 |
| Receivables turnover | 13.34 | 13.09 | 13.38 | 15.13 | 14.81 | 13.57 | 12.91 | 13.32 | 12.02 | 9.96 | 8.32 | 6.39 | 8.35 | 10.33 | 13.83 | 12.65 | 10.07 | 10.39 | 9.88 | 9.92 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,008,000K ÷ $900,000K
= 13.34
The receivables turnover ratio of Avis Budget Group Inc has been relatively stable over the past eight quarters, ranging from 12.91 to 15.13. This ratio indicates how many times the company collects its accounts receivable during a period, with a higher turnover reflecting a shorter time for collecting outstanding payments.
Based on the data provided, we observe that Avis Budget Group Inc has consistently maintained a healthy receivables turnover ratio, indicating efficient management of accounts receivable. The ratio has exhibited a slight fluctuation but generally remains above 13, suggesting that the company is efficiently converting its credit sales into cash.
The quarterly variations in the receivables turnover ratio may be influenced by seasonal factors or specific business conditions affecting Avis Budget Group Inc. Overall, a stable and relatively high turnover ratio signifies that the company is effectively managing its credit policies and collection activities, which is crucial for maintaining healthy cash flows and liquidity.
Peer comparison
Dec 31, 2023