Adient PLC (ADNT)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,356,000 | 15,395,000 | 15,316,000 | 14,746,000 | 14,340,000 | 14,121,000 | 13,242,000 | 12,999,000 | 13,312,000 | 13,680,000 | 14,506,000 | 12,890,000 | 12,582,000 | 12,670,000 | 12,994,000 | 15,587,000 | 16,304,000 | 16,526,000 | 16,750,000 | 17,025,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,356,000K ÷ $—K
= —
The receivables turnover for Adient plc has shown some fluctuations over the past eight quarters. In Q1 2024, the receivables turnover was 9.25, indicating that the company collected its accounts receivable approximately 9.25 times during the period. This represents an improvement compared to the previous quarters.
Looking at the trend, there was a noticeable increase in receivables turnover from Q2 2023 to Q1 2024, suggesting that Adient plc has been more efficient in collecting outstanding receivables during this period.
Overall, the company's performance in managing its receivables turnover has been relatively stable, with some fluctuations observed but showing an increasing trend in the most recent quarters. It is essential for Adient plc to continue monitoring and managing its receivables effectively to maintain a healthy cash flow and working capital position.
Peer comparison
Dec 31, 2023