Aptiv PLC (APTV)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 17,983,000 | 18,035,000 | 18,330,000 | 18,468,000 | 18,438,000 | 18,268,000 | 17,738,000 | 16,896,000 | 16,342,000 | 16,058,000 | 15,346,000 | 14,914,000 | 14,579,000 | 14,469,000 | 13,890,000 | 12,146,000 | 11,126,000 | 10,602,000 | 10,463,000 | 11,474,000 |
| Payables | US$ in thousands | 2,870,000 | 2,989,000 | 2,915,000 | 2,893,000 | 3,151,000 | 3,056,000 | 3,028,000 | 2,996,000 | 3,150,000 | 2,775,000 | 2,749,000 | 2,910,000 | 2,953,000 | 2,544,000 | 2,574,000 | 2,624,000 | 2,571,000 | 2,186,000 | 1,432,000 | 2,243,000 |
| Payables turnover | 6.27 | 6.03 | 6.29 | 6.38 | 5.85 | 5.98 | 5.86 | 5.64 | 5.19 | 5.79 | 5.58 | 5.13 | 4.94 | 5.69 | 5.40 | 4.63 | 4.33 | 4.85 | 7.31 | 5.12 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $17,983,000K ÷ $2,870,000K
= 6.27
The payables turnover ratio of Aptiv PLC has shown fluctuations over the last few years, ranging from a low of 4.33 to a high of 7.31. The ratio reflects the company's efficiency in managing its trade payables by measuring how many times the company pays its suppliers within a specific period.
A higher payables turnover ratio generally indicates that the company is paying its suppliers more frequently, which could suggest favorable relationships with suppliers or effective cash management practices. On the other hand, a lower ratio may signal that the company is taking longer to pay its suppliers, potentially indicating financial difficulties or strained supplier relationships.
Analyzing the trend of the payables turnover ratio over time can provide insights into Aptiv PLC's liquidity, supplier relationships, and financial health. It is essential to monitor this ratio consistently and in conjunction with other financial metrics to assess the company's performance and operational efficiency.
Peer comparison
Dec 31, 2024