BorgWarner Inc (BWA)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 11,438,000 | 11,630,000 | 12,700,000 | 11,983,000 | 8,255,000 |
| Payables | US$ in thousands | — | — | 2,684,000 | 2,276,000 | — |
| Payables turnover | — | — | 4.73 | 5.26 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $11,438,000K ÷ $—K
= —
BorgWarner Inc's payables turnover ratio for the fiscal year ending December 31, 2021, was 5.26, and for December 31, 2022, it decreased to 4.73. However, no specific data is available for the years ending December 31, 2020, 2023, and 2024. The payables turnover ratio measures how efficiently a company manages its payables by indicating how many times during a period the company pays off its average accounts payable balance. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which may imply better liquidity and stronger supplier relationships. On the other hand, a declining payables turnover ratio could indicate possible issues with cash flow management or changes in payment terms with suppliers.
Peer comparison
Dec 31, 2024