BorgWarner Inc (BWA)
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 | 13,590,000 | 13,109,000 | 13,292,000 | 14,101,000 | 14,629,000 | 15,141,000 | 15,438,000 | 14,811,000 | 14,505,000 | 13,636,000 | 13,110,000 | 13,034,000 | 13,275,000 | 14,198,000 | 13,288,000 | 11,367,000 | 9,417,000 | 7,574,000 | 7,303,000 | 7,852,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | 2,684,000 | — | — | — | 2,276,000 | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | 5.40 | — | — | — | 5.83 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $13,590,000K ÷ $—K
= —
The payables turnover ratio for BorgWarner Inc has shown fluctuations over the past few years. As of December 31, 2021, the payables turnover ratio was 5.83, indicating that the company paid off its accounts payable nearly 6 times during that period. This suggests that BorgWarner is managing its accounts payable efficiently.
However, there is limited data available beyond that point, with the ratio remaining unchanged at 5.40 as of December 31, 2022. The lack of data for subsequent periods makes it challenging to provide a comprehensive analysis of the trend in payables turnover.
In general, a higher payables turnover ratio is considered favorable as it indicates the company is effectively managing its trade credit obligations. It is important to monitor this ratio over time to assess the company's ability to maintain liquidity and manage working capital effectively.
Peer comparison
Dec 31, 2024