Sonic Automotive Inc (SAH)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,233,300 | 14,238,800 | 13,905,900 | 12,344,200 | 9,728,520 |
| Receivables | US$ in thousands | 495,900 | 528,100 | 462,400 | 401,100 | 371,700 |
| Receivables turnover | 28.70 | 26.96 | 30.07 | 30.78 | 26.17 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $14,233,300K ÷ $495,900K
= 28.70
The trend analysis of Sonic Automotive Inc's receivables turnover from December 31, 2020, to December 31, 2024, shows a generally positive trajectory. The receivables turnover ratio increased from 26.17 in 2020 to 30.78 in 2021, indicating that the company's ability to collect outstanding receivables improved. However, there was a slight decrease to 30.07 in 2022, followed by a further dip to 26.96 in 2023. The ratio then rebounded to 28.70 in 2024, although it did not reach the peak level observed in 2021. Overall, Sonic Automotive Inc's receivables turnover ratio demonstrates fluctuation during the period, suggesting varying efficiency in collecting receivables.
Peer comparison
Dec 31, 2024