BorgWarner (BSP:B1WA34) Receivables Turnover : 1.19 (As of Dec. 2023)

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What is BorgWarner 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. BorgWarner's Revenue for the three months ended in Dec. 2023 was R$17,257 Mil. BorgWarner's average Accounts Receivable for the three months ended in Dec. 2023 was R$14,446 Mil. Hence, BorgWarner's Receivables Turnover for the three months ended in Dec. 2023 was 1.19.

BorgWarner Receivables Turnover Historical Data

The historical data trend for BorgWarner'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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BorgWarner Receivables Turnover Chart

BorgWarner Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.07

5.08

4.80

5.21

5.91

BorgWarner Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.21	1.46	1.18	1.01	1.19

Competitive Comparison of BorgWarner's Receivables Turnover

For the Auto Parts subindustry, BorgWarner'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.

BorgWarner's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

BorgWarner Receivables Turnover Calculation

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

BorgWarner'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 )
=	69567.36	/ (	(11188.438	+	12342.596)	/	2 )
=	69567.36	/	11765.517
=	5.91

BorgWarner's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	17257.096	/ (	(16549.584	+	12342.596)	/	2 )
=	17257.096	/	14446.09
=	1.19

BorgWarner (BSP:B1WA34) 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.

BorgWarner Receivables Turnover Related Terms

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BorgWarner (BSP:B1WA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BorgWarner Inc (BSP:B1WA34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BWA:USA BGW:Germany

Address

3850 Hamlin Road, Auburn Hills, MI, USA, 48326

Website

https://www.borgwarner.com

BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 13% and 8% of 2022 revenue, respectively. Geographically, Europe accounted for 34% of 2022 revenue, while Asia and North America were 32% each.

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