Agilysys Inc (AGYS)
Receivables turnover
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 238,116 | 228,927 | 218,281 | 207,406 | 198,852 | 192,499 | 182,035 | 172,185 | 163,404 | 152,529 | 149,739 | 146,206 | 137,288 | 140,489 | 145,785 | 152,147 | 160,729 | 157,688 | 151,737 | 145,217 |
Receivables | US$ in thousands | 29,441 | 49,366 | 27,762 | 25,581 | 22,378 | 31,953 | 21,030 | 22,901 | 25,175 | 24,957 | 19,269 | 22,812 | 25,732 | 30,940 | 20,173 | 30,494 | 35,869 | 29,794 | 23,117 | 25,690 |
Receivables turnover | 8.09 | 4.64 | 7.86 | 8.11 | 8.89 | 6.02 | 8.66 | 7.52 | 6.49 | 6.11 | 7.77 | 6.41 | 5.34 | 4.54 | 7.23 | 4.99 | 4.48 | 5.29 | 6.56 | 5.65 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $238,116K ÷ $29,441K
= 8.09
The receivables turnover for Agilysys Inc has exhibited fluctuations over the past 20 quarters, ranging from a low of 4.48 to a high of 8.89. The average receivables turnover over this period is approximately 6.63.
A higher receivables turnover ratio indicates that the company is able to efficiently collect payments from its customers in a shorter period, which can be seen in quarters such as Mar 31, 2024, and Jun 30, 2023. This implies effective credit policies and strong collection procedures.
On the other hand, lower receivables turnover ratios, such as in Dec 31, 2019, and Sep 30, 2020, suggest that the company may be facing difficulties in collecting receivables promptly. This could be due to lenient credit policies, potential issues with customer creditworthiness, or inefficiencies in the collection process.
Overall, analyzing the receivables turnover provides insights into Agilysys Inc's ability to manage its accounts receivables effectively, which is crucial for maintaining liquidity and managing cash flows in the long term. Further investigation into the reasons behind the fluctuations in receivables turnover can help pinpoint areas for improvement in the company's credit and collection practices.
Peer comparison
Mar 31, 2024