Localiza Rent A Car (Localiza Rent A Car) Receivables Turnover : 2.32 (As of Mar. 2024)

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What is Localiza Rent A Car 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. Localiza Rent A Car's Revenue for the three months ended in Mar. 2024 was $1,744 Mil. Localiza Rent A Car's average Accounts Receivable for the three months ended in Mar. 2024 was $752 Mil. Hence, Localiza Rent A Car's Receivables Turnover for the three months ended in Mar. 2024 was 2.32.

Localiza Rent A Car Receivables Turnover Historical Data

The historical data trend for Localiza Rent A Car'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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Localiza Rent A Car Receivables Turnover Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.68

7.62

8.63

9.62

9.64

Localiza Rent A Car 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															3.02	2.93	2.45	2.31	2.32

Competitive Comparison of Localiza Rent A Car's Receivables Turnover

For the Rental & Leasing Services subindustry, Localiza Rent A Car'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.

Localiza Rent A Car's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Localiza Rent A Car's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Localiza Rent A Car's Receivables Turnover falls into.

Localiza Rent A Car Receivables Turnover Calculation

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

Localiza Rent A Car'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 )
=	5898.666	/ (	(472.836	+	751.384)	/	2 )
=	5898.666	/	612.11
=	9.64

Localiza Rent A Car'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 )
=	1744.327	/ (	(751.384	+	753.002)	/	2 )
=	1744.327	/	752.193
=	2.32

Localiza Rent A Car (OTCPK:LZRFY) 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.

Localiza Rent A Car Receivables Turnover Related Terms

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Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » Receivables Turnover

Comparable Companies

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RENT3:Brazil

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

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