Aptiv PLC (APTV)

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	20,051,000	19,772,000	19,272,000	18,129,000	17,489,000	16,983,000	16,023,000	15,773,000	15,618,000	15,696,000	15,710,000	13,863,000	13,066,000	12,450,000	12,341,000	14,008,000	14,357,000	14,397,000	14,323,000	14,380,000
Receivables	US$ in thousands	3,815,000	3,864,000	3,979,000	3,793,000	3,648,000	3,606,000	3,304,000	3,313,000	3,032,000	2,954,000	2,928,000	3,048,000	3,016,000	2,920,000	2,091,000	2,567,000	2,829,000	2,935,000	2,982,000	3,008,000
Receivables turnover		5.26	5.12	4.84	4.78	4.79	4.71	4.85	4.76	5.15	5.31	5.37	4.55	4.33	4.26	5.90	5.46	5.07	4.91	4.80	4.78

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $20,051,000K ÷ $3,815,000K
= 5.26

To analyze Aptiv PLC's receivables turnover, we can observe a consistent trend from Q1 2022 to Q4 2023. The company's receivables turnover ratio has been relatively stable, ranging from 4.71 to 5.26 times during this period. This indicates that on average, Aptiv is able to collect its accounts receivable approximately 4.71 to 5.26 times per year.

A higher receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, converting credit sales into cash more rapidly. The slight increase in the receivables turnover ratio from Q1 2022 to Q4 2023 may imply improved efficiency in managing accounts receivable.

Overall, Aptiv PLC's stable and relatively high receivables turnover ratio indicates effective management of credit sales and collection processes, which bodes well for the company's liquidity and operating efficiency.