Adient PLC (ADNT)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,688,000 | 15,395,000 | 14,121,000 | 13,680,000 | 12,670,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $14,688,000K ÷ $—K
= —
The receivables turnover ratio for Adient PLC for the years ending September 30, 2020 through September 30, 2023 is not available based on the provided table.
Receivables turnover is a financial ratio that measures a company's ability to efficiently collect its outstanding receivables during a specific period. A higher receivables turnover indicates that the company is collecting its accounts receivable more frequently and efficiently.
It is crucial to calculate the receivables turnover for each year using the formula:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
By analyzing the trend in Adient PLC's receivables turnover over the years, investors and analysts can gain insights into the company's collection efficiency and liquidity management. An increasing receivables turnover ratio is generally viewed as a positive sign, indicating that the company is collecting its receivables more quickly. Conversely, a decreasing ratio may suggest problems with collecting outstanding payments or potential issues with customer creditworthiness.
In order to provide a more thorough analysis, it is recommended to calculate the receivables turnover ratio for the missing years and compare the results to industry benchmarks and historical performance to evaluate Adient PLC's effectiveness in managing its accounts receivable.
Peer comparison
Sep 30, 2024