Aecom Technology Corporation (ACM)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,105,500 | 14,378,500 | 13,148,200 | 13,340,900 | 13,240,000 |
| Receivables | US$ in thousands | 3,649,100 | 3,075,390 | 2,897,290 | 3,228,050 | 3,425,720 |
| Receivables turnover | 4.41 | 4.68 | 4.54 | 4.13 | 3.86 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $16,105,500K ÷ $3,649,100K
= 4.41
The receivables turnover ratio for Aecom Technology Corporation has been relatively stable over the past five years, ranging from 3.86 to 4.68. This ratio indicates how efficiently the company collects payments from its customers. A higher turnover ratio suggests that the company is able to collect outstanding receivables quickly, which is generally a positive sign of effective credit and collection policies.
In the most recent year, ending September 30, 2024, Aecom's receivables turnover decreased slightly to 4.41 from 4.68 in the previous year, indicating a slight dip in the efficiency of collecting outstanding payments. However, the ratio is still within a reasonable range compared to historical data.
It is important for Aecom to monitor its receivables turnover ratio regularly to ensure that it remains stable or improves over time. Any significant deviations from the historical trend may require further investigation to understand the reasons behind the changes and to take appropriate actions to maintain healthy cash flow and liquidity.
Peer comparison
Sep 30, 2024