Adient PLC (ADNT)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,395,000 | 14,121,000 | 13,680,000 | 12,670,000 | 16,526,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $15,395,000K ÷ $—K
= —
The receivables turnover for Adient plc over the past five years reflects the efficiency of the company in collecting payments from its customers. The ratio indicates the number of times, on average, that the company collected its accounts receivable during the year.
The receivables turnover has fluctuated over the five-year period, ranging from a low of 7.62 in 2022 to a high of 9.59 in 2021. This suggests variations in the company's ability to efficiently convert its credit sales into cash. In 2023, the receivables turnover increased to 8.22, signaling an improvement in the company's collection efficiency compared to the previous year.
Overall, the company's receivables turnover indicates a moderate level of efficiency in collecting receivables, as it consistently hovers around 8 times annually. However, it is important to analyze the trend in conjunction with other financial indicators to gain a comprehensive understanding of Adient plc's financial performance and management of its accounts receivable.
Peer comparison
Sep 30, 2023