Credit Acceptance Inventory Turnover Ratio 2010-2023 | CACC
Current and historical inventory turnover ratio for Credit Acceptance (CACC) from 2010 to 2023. Inventory turnover ratio can be defined as a ratio showing how many times a company's inventory is sold and replaced over a period. Credit Acceptance inventory turnover ratio for the three months ending December 31, 2023 was .
| Credit Acceptance Inventory Turnover Ratio Historical Data |
| Date |
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| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Finance - Consumer Loands |
$6.425B |
$1.902B |
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Credit Acceptance Corporation being a credit services company, operates through one segment, primarily focusing on offering financing programs, and related products and services to automobile dealers in the U.S. enabling them to sell vehicles to consumers irrespective of their credit history. Credit Acceptance offers financing programs through a country-wide network of automobile dealers. Credit Acceptance has two loan programs. Under the Portfolio Program, the company gives money to dealers (called Dealer Loans) in exchange for the right to service the underlying Consumer Loan. Under the Purchase Program, the company buys Consumer Loans from the dealers (called Purchased Loan) and keeps all the money collected from the consumer. Further, Credit Acceptance through its wholly-owned subsidiary, VSC Re Company, is engaged in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company.
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