LKQ Corporation (LKQ)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,355,000 | 13,866,000 | 12,794,000 | 13,088,500 | 11,628,800 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $14,355,000K ÷ $—K
= —
The data provided shows that the receivables turnover ratio for LKQ Corporation is not available for the years 2020 to 2024. The absence of this ratio may indicate that specific details regarding the company's accounts receivables and sales figures are either not disclosed or not readily available for analysis during these periods.
Receivables turnover is a key metric that assesses how efficiently a company is collecting payments on credit sales from its customers. A higher turnover ratio typically indicates that a company is effectively managing its receivables and converting them into cash quickly.
Without the specific data on receivables turnover for LKQ Corporation in the given years, it becomes challenging to evaluate the company's effectiveness in collecting payments from customers and managing its accounts receivable efficiently. Investors and analysts often rely on this ratio to gauge the liquidity and operational performance of a company.