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