Applied Industrial Technologies (AIT)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,563,420 | 4,499,370 | 4,479,010 | 4,483,160 | 4,479,410 | 4,476,800 | 4,462,450 | 4,445,580 | 4,412,790 | 4,316,180 | 4,164,802 | 3,981,396 | 3,810,677 | 3,645,105 | 3,505,380 | 3,379,793 | 3,235,919 | 3,065,107 | 3,054,967 | 3,137,055 |
| Receivables | US$ in thousands | 769,699 | 754,638 | 696,239 | 691,512 | 737,526 | 725,320 | 659,196 | 694,922 | 708,395 | 705,638 | 654,510 | 674,136 | 656,429 | 618,079 | 520,134 | 530,824 | 516,322 | 510,080 | 444,200 | 447,032 |
| Receivables turnover | 5.93 | 5.96 | 6.43 | 6.48 | 6.07 | 6.17 | 6.77 | 6.40 | 6.23 | 6.12 | 6.36 | 5.91 | 5.81 | 5.90 | 6.74 | 6.37 | 6.27 | 6.01 | 6.88 | 7.02 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,563,420K ÷ $769,699K
= 5.93
The receivables turnover ratio of Applied Industrial Technologies exhibits fluctuating patterns over the analyzed period, reflecting changes in the company's efficiency in collecting accounts receivable. At the start of the period (September 30, 2020), the ratio stood at 7.02, indicating that receivables were collected approximately 7 times within a year. Over the subsequent months, this ratio gradually declined, reaching a low of 5.81 on June 30, 2022, which suggests a slowdown in collection efficiency during that period.
Following the June 2022 trough, the ratio demonstrated a modest recovery, rising back to 6.40 by September 30, 2023. This upward trend indicates some improvement in receivables management, although it did not return to the earlier higher levels observed in 2020. The ratio continued to fluctuate slightly afterward, reaching approximately 6.77 at the end of 2023 and settling around 5.96 to 6.17 in the first half of 2024 before experiencing minor increases and decreases through the latest available data.
Overall, the company's receivables turnover has experienced periods of decline and partial recovery, reflecting changes in collection efficiency possibly due to shifts in credit policies, customer base, or economic conditions. While the ratio consistently remains within a range roughly between 5.9 and 7.02, there has been no substantial long-term trend toward either significant improvement or deterioration, suggesting relatively stable but variable receivables management over the observed timeframe.