BorgWarner Inc (BWA)
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 | 15,825,000 | 16,484,000 | 16,848,000 | 16,082,000 | 15,805,000 | 15,319,000 | 14,706,000 | 14,749,000 | 14,878,000 | 15,140,000 | 14,258,000 | 11,904,000 | 10,171,000 | 8,803,000 | 8,757,000 | 9,881,000 | 10,168,000 | 10,183,000 | 10,169,000 | 10,312,000 |
| Receivables | US$ in thousands | 3,109,000 | 3,351,000 | 3,856,000 | 3,566,000 | 2,471,000 | 3,363,000 | 3,134,000 | 3,166,000 | 2,898,000 | 2,890,000 | 3,063,000 | 3,153,000 | 2,919,000 | 1,977,000 | 1,535,000 | 1,735,000 | 1,921,000 | 1,983,000 | 2,063,000 | 2,065,000 |
| Receivables turnover | 5.09 | 4.92 | 4.37 | 4.51 | 6.40 | 4.56 | 4.69 | 4.66 | 5.13 | 5.24 | 4.65 | 3.78 | 3.48 | 4.45 | 5.70 | 5.70 | 5.29 | 5.14 | 4.93 | 4.99 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,825,000K ÷ $3,109,000K
= 5.09
BorgWarner Inc's receivables turnover ratio has displayed some fluctuation over the past eight quarters, ranging from a low of 4.37 in Q2 2023 to a high of 4.90 in Q3 2023. Despite these fluctuations, the company's receivables turnover generally hovers around the 4.50 to 4.70 range, indicating that the company collects its accounts receivable approximately 4 to 5 times a year on average. This suggests that BorgWarner Inc has a relatively efficient accounts receivable management system in place. Investors and analysts may consider the trend of this ratio over time as an indicator of the company's effectiveness in converting its credit sales into cash.
Peer comparison
Dec 31, 2023