Penske Automotive Group (FRA:UA9) Receivables Turnover : 6.85 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Penske Automotive 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. Penske Automotive Group's Revenue for the three months ended in Mar. 2024 was €6,852 Mil. Penske Automotive Group's average Accounts Receivable for the three months ended in Mar. 2024 was €1,000 Mil. Hence, Penske Automotive Group's Receivables Turnover for the three months ended in Mar. 2024 was 6.85.

Penske Automotive Group Receivables Turnover Historical Data

The historical data trend for Penske Automotive 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.

* Premium members only.

Penske Automotive Group Receivables Turnover Chart

Penske Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

24.82

22.00

34.45

34.88

28.84

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
Receivables Turnover	Get a 7-Day Free Trial															7.99	8.20	8.11	6.94	6.85

Competitive Comparison of Penske Automotive Group's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Penske Automotive 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.

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

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

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

Penske Automotive Group Receivables Turnover Calculation

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

Penske Automotive 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 )
=	27076.626	/ (	(855.925	+	1022.088)	/	2 )
=	27076.626	/	939.0065
=	28.84

Penske Automotive 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 )
=	6851.976	/ (	(1022.088	+	977.776)	/	2 )
=	6851.976	/	999.932
=	6.85

Penske Automotive Group (FRA:UA9) 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.

Penske Automotive Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Penske Automotive Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Penske Automotive Group (FRA:UA9) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.

Penske Automotive Group (FRA:UA9) Headlines

No Headlines