The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Phinia's Revenue for the
three
months ended in Mar. 2024 was $863 Mil. Phinia's average Accounts Receivable for the
three
months ended in Mar. 2024 was $841 Mil.
Hence, Phinia's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.03.
Phinia Receivables Turnover Historical Data
The historical data trend for Phinia's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Phinia's Receivables Turnover
For the Auto Parts subindustry, Phinia's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phinia's Receivables Turnover Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Phinia's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Phinia's Receivables Turnover falls into.
Phinia Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Phinia's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Phinia Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Phinia's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
3000 University Drive, Auburn Hills, MI, USA, 48326
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Phinia Inc is a leader in the development, design and manufacture of integrated components and systems that optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications and light vehicles. It is a global supplier to most major original equipment manufacturers (OEMs) and offers a wide range of original equipment service (OES) solutions and remanufactured products as well as an expanded range of products for the independent (non-OEM) aftermarket. Phinia has an extensive original equipment portfolio of advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules and associated software.
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