Applied Industrial Technologies (AIT)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,563,420 | 4,479,410 | 4,412,790 | 3,810,680 | 3,235,920 |
| Receivables | US$ in thousands | 769,699 | 737,526 | 708,395 | 656,429 | 516,322 |
| Receivables turnover | 5.93 | 6.07 | 6.23 | 5.81 | 6.27 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,563,420K ÷ $769,699K
= 5.93
The receivables turnover ratios for Applied Industrial Technologies over the specified fiscal years demonstrate fluctuations within a relatively narrow range. For the year ending June 30, 2021, the receivables turnover stood at 6.27. This metric decreased to 5.81 in the subsequent year ending June 30, 2022, indicating a decline in the company's efficiency in collecting accounts receivable. However, in the following year ending June 30, 2023, the ratio experienced a modest recovery to 6.23, approaching the previous year's level and suggesting an improvement in receivables management.
In the fiscal year ending June 30, 2024, the ratio slightly declined again to 6.07, reflecting a minor decrease in collection efficiency. The most recent data for June 30, 2025, indicates a further slight decrease to 5.93, positioning the ratio marginally below the 2023 high but still within a similar range.
Overall, the trend shows some inconsistency but suggests thatApplied Industrial Technologies maintains a relatively stable receivables turnover ratio, fluctuating between approximately 5.8 and 6.3 over these years. This stability may imply consistent credit policies and collection practices, although the minor variations could warrant ongoing monitoring to optimize accounts receivable management.