Aptiv PLC (APTV)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,713,000 | 19,725,000 | 19,985,000 | 20,134,000 | 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 |
| Total current assets | US$ in thousands | 7,826,000 | 8,688,000 | 8,829,000 | 7,691,000 | 8,247,000 | 8,490,000 | 8,072,000 | 7,725,000 | 7,784,000 | 10,983,000 | 10,558,000 | 10,774,000 | 8,436,000 | 8,104,000 | 8,055,000 | 7,801,000 | 7,465,000 | 6,589,000 | 5,412,000 | 6,190,000 |
| Total current liabilities | US$ in thousands | 5,131,000 | 5,804,000 | 5,908,000 | 5,956,000 | 4,808,000 | 4,696,000 | 4,589,000 | 4,508,000 | 4,865,000 | 4,129,000 | 4,019,000 | 4,146,000 | 4,207,000 | 3,834,000 | 3,905,000 | 3,962,000 | 4,046,000 | 3,579,000 | 2,859,000 | 3,655,000 |
| Working capital turnover | 7.31 | 6.84 | 6.84 | 11.60 | 5.83 | 5.21 | 5.53 | 5.64 | 5.99 | 2.48 | 2.45 | 2.38 | 3.69 | 3.68 | 3.79 | 3.61 | 3.82 | 4.14 | 4.83 | 5.53 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $19,713,000K ÷ ($7,826,000K – $5,131,000K)
= 7.31
The working capital turnover ratio for Aptiv PLC has shown fluctuations over the past few years. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
From March 31, 2020, to March 31, 2022, the working capital turnover ratio declined steadily from 5.53 to 2.38, indicating a decrease in the efficiency of using working capital to support sales. This trend suggests that the company may be facing challenges in managing its working capital effectively during this period.
However, from December 31, 2022, to March 31, 2024, there was a significant improvement in the working capital turnover ratio, increasing from 5.99 to 11.60. This surge in the ratio suggests that Aptiv PLC effectively managed its working capital to support a substantial increase in sales revenue during this period.
The sudden spike in the working capital turnover ratio from March 31, 2024, to 11.60, followed by a decrease in the subsequent quarters, indicates a fluctuation in the company's working capital management efficiency. It is crucial for Aptiv PLC to closely monitor and optimize its working capital utilization to sustain consistent and efficient operations in the future.
Peer comparison
Dec 31, 2024