Lucid Group (FRA:CH2A) Receivables Turnover : 1.93 (As of Mar. 2024)

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What is Lucid Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Lucid Group's Revenue for the three months ended in Mar. 2024 was €158.9 Mil. Lucid Group's average Accounts Receivable for the three months ended in Mar. 2024 was €82.1 Mil. Hence, Lucid Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.93.

Lucid Group Receivables Turnover Historical Data

The historical data trend for Lucid Group's Receivables Turnover 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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Lucid Group Receivables Turnover Chart

Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

15.27

16.00

54.08

16.55

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											13.38	13.02	6.32	4.15	1.93

Competitive Comparison of Lucid Group's Receivables Turnover

For the Auto Manufacturers subindustry, Lucid Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lucid Group's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lucid Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Lucid Group's Receivables Turnover falls into.

Lucid Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Lucid Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	545.864	/ (	(18.448	+	47.521)	/	2 )
=	545.864	/	32.9845
=	16.55

Lucid Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	158.921	/ (	(47.521	+	116.776)	/	2 )
=	158.921	/	82.1485
=	1.93

Lucid Group (FRA:CH2A) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Lucid Group Receivables Turnover Related Terms

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Lucid Group (FRA:CH2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lucid Group Inc (FRA:CH2A) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LCID:USA LCID:Mexico

Address

7373 Gateway Boulevard, Newark, CA, USA, 94560

Website

https://www.lucidmotors.com

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

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