PHINIA Inc. (PHIN)
Working capital turnover
| Dec 31, 2023 | ||
|---|---|---|
| Revenue | US$ in thousands | 3,500,000 |
| Total current assets | US$ in thousands | 1,927,000 |
| Total current liabilities | US$ in thousands | 1,148,000 |
| Working capital turnover | 4.49 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,500,000K ÷ ($1,927,000K – $1,148,000K)
= 4.49
Peer comparison
Dec 31, 2023
Company name
Symbol
Working capital turnover
PHINIA Inc.
PHIN
4.49
Adient PLC
ADNT
26.63
American Axle & Manufacturing
AXL
7.55
Aptiv PLC
APTV
5.83
Autoliv Inc
ALV
—
BorgWarner Inc
BWA
5.80
Dana Inc
DAN
6.92
Dorman Products Inc
DORM
2.74
Gentex Corporation
GNTX
3.17
Gentherm Inc
THRM
3.99
LCI Industries
LCII
5.24