Lithia Motors (Lithia Motors) Change In Receivables : $-1,075 Mil (TTM As of Mar. 2024)

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What is Lithia Motors Change In Receivables?

Lithia Motors's change in receivables for the quarter that ended in Mar. 2024 was $-174 Mil. It means Lithia Motors's Accounts Receivable increased by $174 Mil from Dec. 2023 to Mar. 2024 .

Lithia Motors's change in receivables for the fiscal year that ended in Dec. 2023 was $-1,274 Mil. It means Lithia Motors's Accounts Receivable increased by $1,274 Mil from Dec. 2022 to Dec. 2023 .

Lithia Motors's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,249 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Lithia Motors's Days Sales Outstanding for the three months ended in Mar. 2024 was 13.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Lithia Motors's liquidation value for the three months ended in Mar. 2024 was $-11,486 Mil.

Lithia Motors Change In Receivables Historical Data

The historical data trend for Lithia Motors's Change In Receivables 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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Lithia Motors Change In Receivables Chart

Lithia Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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24.40

-227.60

-787.90

-1,494.60

-1,274.10

Lithia Motors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-373.10	-314.30	-330.20	-256.50	-173.80

Lithia Motors Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,075 Mil.

Lithia Motors (NYSE:LAD) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Lithia Motors's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1249.3	/	8556.4	*	91
=	13.32

2. In Ben Graham's calculation of liquidation value, Lithia Motors's accounts receivable are only considered to be worth 75% of book value:

Lithia Motors's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	404.6	-	15758.4	+	0.75 * 1249.3	+	0.5 * 5861.9
=	-11,486

Lithia Motors Change In Receivables Related Terms

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Lithia Motors (Lithia Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lithia Motors Inc (NYSE:LAD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LMO:Germany

Address

150 N. Bartlett Street, Medford, OR, USA, 97501

Website

https://www.lithia.com

Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.

Executives

Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Sidney B Deboer	director, officer: Executive Chairman	234 VISTA ST., ASHLAND OR 97520
Bryan B Deboer	director, officer: Chief Executive officer	150 N. BARTLETT STREET, MEDFORD OR 97501
Tina Miller	officer: VP, CAO & Principal Fin. Off.	150 N. BARTLETT ST., MEDFORD OR 97501
Chris Holzshu	officer: Sr. Vice President & CFO	150 N. BARTLETT STREET, MEDFORD OR 97501
David Stork	officer: Senior Vice President	150 N. BARTLETT STREET, MEDFORD OR 97501
George N Hines	officer: SVP, Chief Tech. & Innov. Off.	150 N. BARTLETT ST., MEDFORD OR 97501
Loretz Congdon Stacy	director	C/O CORE-MARK HOLDING CO. INC., 395 OYSTER POINT BLVD., SUITE 415, SOUTH SAN FRANCISCO CA 94080
Gary M Glandon	officer: Chief People Officer	C/O LITHIA MOTORS, INC., 150 NORTH BARTLETT STREET, MEDFORD OR 97501
James E. Lentz	director	C/O LITHIA MOTORS INC., 150 NORTH BARTLETT STREET, MEDFORD OR 97501
Louis Miramontes	director	150 N. BARTLETT ST., MEDFORD OR 97501
Scott Hillier	officer: Sr. VP of Operations	150 N. BARTLETT STREET, MEDFORD OR 97501
Kenneth E Roberts	director	150 N. BARTLETT ST., MEDFORD OR 97501
Marguerite Celeste	officer: Senior Vice President	150 N BARTLETT STREET, MEDFORD OR 97501
Susan O Cain	director	150 NORTH BARTLETT STREET, MEDFORD OR 97501