Forvia SE (XTER:FAU) Receivables Turnover : 3.29 (As of Jun. 2024)

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What is Forvia SE Receivables Turnover?

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. Forvia SE's Revenue for the six months ended in Jun. 2024 was €13,534 Mil. Forvia SE's average Accounts Receivable for the six months ended in Jun. 2024 was €4,116 Mil. Hence, Forvia SE's Receivables Turnover for the six months ended in Jun. 2024 was 3.29.

Forvia SE Receivables Turnover Historical Data

The historical data trend for Forvia SE'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.

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Forvia SE Receivables Turnover Chart

Forvia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.80

4.94

4.66

5.76

5.92

Forvia SE Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.66	2.65	2.75	3.04	3.29

Competitive Comparison of Forvia SE's Receivables Turnover

For the Auto Parts subindustry, Forvia SE'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.

Forvia SE's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Forvia SE's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Forvia SE's Receivables Turnover falls into.

Forvia SE Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Forvia SE's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	27247.9	/ (	(5065.9	+	4132.9)	/	2 )
=	27247.9	/	4599.4
=	5.92

Forvia SE's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	13534.3	/ (	(4132.9	+	4098.1)	/	2 )
=	13534.3	/	4115.5
=	3.29

Forvia SE (XTER:FAU) 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.

Forvia SE Receivables Turnover Related Terms

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Forvia SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forvia SE (XTER:FAU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FURCF:USA 1FRVIA:Italy FRVIAp:UK 0MGR:UK FRVIA:France

Address

23-27 avenue des Champs-Pierreux, Nanterre, FRA, 92000

Website

https://www.faurecia.com

Forvia SE operates in automotive seating, interior systems, emission control technologies, electronics, lighting, and a segment called lifecycle solutions that does automotive-related recycling. The company has a world-wide presence, with over 300 industrial facilities and 63 R&D centers in more than 40 countries, but much of its workforce is located in high-cost countries. Forvia's customers by percentage of 2022 revenue are Volkswagen at 15.4%, Stellantis at 11.7%, Ford at 7.7%, the Renault-Nissan-Mitsubishi Alliance at 6.2%, and Mercedes-Benz at 6.1%. Geographically, Europe accounted for 44% of 2022 revenue, followed by North America at 25%, China at 21%, and all other regions at 10%.

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