New vehicle description from Lider Filo! LIDER stock news analysis…

Lider Filo, one of the fleet and car rental companies traded in the Stock Exchange, announced that it purchased a total of 48 vehicles in May 2023 and these vehicles were 30 million 890 thousand 683 TL excluding VAT.

In the statement made by the company to KAP, “Therefore; Our total vehicle purchase in 2023 was 275 and our total vehicle purchase invoice amount reached 161 million 755 thousand 204 TL excluding VAT. As of 31.05.2023, the number of vehicles in our fleet has reached 3739.

LIDER news analysis (language of numbers):

According to the statement of Lider Filo, the average purchase price of the 48 vehicles purchased was 643 thousand 556 TL per vehicle. In the other part of the company’s statement, it is understood that 227 vehicles were purchased in 2023 before May. Again, we understand that 130 million 864 thousand 521 TL was paid for these vehicles. And this brings the result that the average purchase price of 227 vehicles purchased from the beginning of the year until May is 576 thousand 495 TL excluding VAT. In other words, the cost of vehicles purchased in May is 11.6 percent higher on average.

According to the company’s 12-month balance sheet for 2022, the number of vehicles in its fleet is 3940. In other words, the annual turnover per vehicle in the whole of 2022 (all year) is at the level of 181 thousand 20 TL. This means a monthly turnover of 15 thousand 85 TL per vehicle.

In the first quarter of 2023, the total turnover produced with 3785 vehicles is 283 million 991 thousand 542 TL. In other words, the quarterly turnover produced per vehicle is 75 thousand 30 TL. This means that a turnover of 25 thousand TL per vehicle is produced on a monthly basis. Which reveals that there has been a 67 percent increase in monthly turnover per vehicle compared to the end of 2022.

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