What does electronicsand safety — specific warranty expense mean?

The total cost of honoring product warranties within the Electronics and Safety segment.

How do you interpret electronicsand safety — specific warranty expense?

An increase may signal declining product quality or reliability issues, while a decrease suggests improved manufacturing processes or lower failure rates.

How does electronicsand safety — specific warranty expense compare across companies?

Comparable to 'Warranty Provision' or 'Product Liability Expense' across automotive and electronics manufacturing peers.

Aptiv APTV Electronicsand Safety — Specific Warranty Expense

Discontinued — last reported Q1 '17

Similar metrics at other companies

CMIComponents — Product Warranty Expense

$27M+3.8%

CMIAccelera — Product Warranty Expense

$13M+62.5%

CMIEngine — Product Warranty Expense

$93M+9.4%

CMIDistribution — Product Warranty Expense

$7M+16.7%

CMIPower Systems — Product Warranty Expense

$17M-46.9%

AAX

AAXNConnected Devices — Warranty reserve expense

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Other financials

Income statement

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Revenue$5.1B+5.4%

Gross profit$920.0M0.0%

Operating income$378.0M-15.6%

Net income$189.0M+1,818%

EPS (diluted)$0.88+1,860%

Balance sheet

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Cash & equivalents$3.2B+188%

Total debt$9.9B+17.1%

Total equity$9.2B+3.0%

Total assets$25.2B+9.1%

Cash flow

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Operating cash flow-$143.0M-152%

CapEx$219.0M+11.2%

Free cash flow-$362.0M-576%

Valuation

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Market cap$13.48B+8.4%

Enterprise value$20.19B+2.5%

P/E36.9×+28.9×

P/S0.7×0.0×

Profitability

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Gross margin18.9%-0.2pp

Operating margin5.4%-4.1pp

Net margin1.8%-6.2pp

FCF margin5.3%-3.4pp

Returns & leverage

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Return on equity4%-11.5pp

Debt / equity1.1×+0.1×

Current ratio2.1×+0.5×

Where this comes from

Reported directly by Aptiv in its filing.

Tagged under the XBRL concept dlph:SpecificWarrantyExpense.

The official record: Aptiv’s 10-Q, filed May 3, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does electronicsand safety — specific warranty expense mean?: The total cost of honoring product warranties within the Electronics and Safety segment.
How do you interpret electronicsand safety — specific warranty expense?: An increase may signal declining product quality or reliability issues, while a decrease suggests improved manufacturing processes or lower failure rates.
How does electronicsand safety — specific warranty expense compare across companies?: Comparable to 'Warranty Provision' or 'Product Liability Expense' across automotive and electronics manufacturing peers.