Lear Corporation (LEA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,306,000 | 23,466,900 | 20,891,500 | 19,263,100 | 17,045,500 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $23,306,000K ÷ $—K
= —
Based on the provided data, it appears that the receivables turnover ratio for Lear Corporation is not available for the years ending December 31, 2020 to December 31, 2024. This lack of specific information prevents a detailed analysis of how efficiently Lear is collecting its accounts receivable over this period.
The receivables turnover ratio is a key indicator of a company's efficiency in managing its credit sales and collecting payments from customers. A higher turnover ratio typically indicates that the company is effectively converting its accounts receivable into cash, while a lower ratio may suggest that the company is facing challenges in collecting payments promptly.
Without the actual receivables turnover figures, it is not possible to assess Lear Corporation's effectiveness in managing its accounts receivable during the specified years. It would be beneficial to obtain the specific turnover ratio data for a more accurate analysis of Lear's receivables management performance.
Peer comparison
Dec 31, 2024