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. TransDigm Group's Revenue for the
three
months ended in Sep. 2024 was $2,186 Mil. TransDigm Group's average Accounts Receivable for the
three
months ended in Sep. 2024 was $1,341 Mil.
Hence, TransDigm Group's Receivables Turnover for the
three
months ended in Sep. 2024 was 1.63.
TransDigm Group Receivables Turnover Historical Data
The historical data trend for TransDigm Group'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 TransDigm Group's Receivables Turnover
For the Aerospace & Defense subindustry, TransDigm Group'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.
TransDigm Group's Receivables Turnover Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, TransDigm Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where TransDigm Group's Receivables Turnover falls into.
TransDigm Group Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
TransDigm Group's Receivables Turnover for the fiscal year that ended in Sep. 2024 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.
TransDigm Group (NYSE:TDG) Receivables Turnover Explanation
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.
TransDigm Group Receivables Turnover Related Terms
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TransDigm manufactures and services a diverse set of specialized parts for commercial and military aircraft. The firm organizes itself in three segments: power and control, airframes, and a small non-aviation segment, which serves mostly off-road vehicles and mining equipment. It operates as an acquisitive holding company that focuses its portfolio on firms that make proprietary aerospace products with substantial aftermarket demand. TransDigm regularly employs financial leverage to amplify its operating results.
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