Agilysys Inc (AGYS)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 238,118 | 198,854 | 163,406 | 137,285 | 160,748 |
| Receivables | US$ in thousands | 29,441 | 22,378 | 25,175 | 25,732 | 35,869 |
| Receivables turnover | 8.09 | 8.89 | 6.49 | 5.34 | 4.48 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $238,118K ÷ $29,441K
= 8.09
The receivables turnover ratio for Agilysys Inc has shown a consistent upward trend over the past five years, indicating that the company has been efficient in collecting payments from its customers. The ratio has increased from 4.48 in 2020 to 8.09 in 2024, suggesting that Agilysys Inc has been able to convert its accounts receivable into cash more frequently in recent years.
A higher receivables turnover ratio is generally favorable as it signifies that the company is effectively managing its accounts receivable, collecting payments promptly, and minimizing the risk of bad debts. Agilysys Inc's improving receivables turnover ratio reflects positively on its financial management and ability to efficiently convert credit sales into cash, potentially enhancing its liquidity and overall financial performance.
Peer comparison
Mar 31, 2024