Penske Automotive Group (FRA:UA9) Change In Receivables : €-101 Mil (TTM As of Mar. 2024)

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What is Penske Automotive Group Change In Receivables?

Penske Automotive Group's change in receivables for the quarter that ended in Mar. 2024 was €70 Mil. It means Penske Automotive Group's Accounts Receivable declined by €70 Mil from Dec. 2023 to Mar. 2024 .

Penske Automotive Group's change in receivables for the fiscal year that ended in Dec. 2023 was €-179 Mil. It means Penske Automotive Group's Accounts Receivable increased by €179 Mil from Dec. 2022 to Dec. 2023 .

Penske Automotive Group's Accounts Receivable for the quarter that ended in Mar. 2024 was €978 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. Penske Automotive Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 13.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Penske Automotive Group's liquidation value for the three months ended in Mar. 2024 was €-7,520 Mil.

Penske Automotive Group Change In Receivables Historical Data

The historical data trend for Penske Automotive Group'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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Penske Automotive Group Change In Receivables Chart

Penske Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-27.81

125.52

66.91

-182.10

-178.54

Penske Automotive Group 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															-9.53	33.87	-76.55	-127.92	69.83

Penske Automotive Group 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 €-101 Mil.

Penske Automotive Group (FRA:UA9) 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.

Penske Automotive Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	977.776	/	6851.976	*	91
=	13.02

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

Penske Automotive Group'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)
=	107.548	-	10396.368	+	0.75 * 977.776	+	0.5 * 4070.172
=	-7,520

Penske Automotive Group Change In Receivables Related Terms

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Penske Automotive Group (FRA:UA9) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Penske Automotive Group Inc (FRA:UA9) » Definitions » Change In Receivables

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PAG:USA

Address

2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954

Website

https://www.penskeautomotive.com

Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.

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