American Woodmark Corporation (AMWD)
Receivables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,709,580 | 1,847,500 | 2,066,200 | 1,857,190 | 1,744,010 |
| Receivables | US$ in thousands | 111,171 | 132,107 | 119,163 | 156,961 | 146,866 |
| Receivables turnover | 15.38 | 13.98 | 17.34 | 11.83 | 11.87 |
April 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,709,580K ÷ $111,171K
= 15.38
The receivables turnover ratio for American Woodmark Corporation over the analyzed period exhibits notable fluctuations with an overall trend of increasing efficiency in managing receivables. As of April 30, 2021, the ratio stood at 11.87, indicating the company was able to collect its receivables approximately 11.87 times within a year. This slightly decreased to 11.83 by April 30, 2022, suggesting stable collection efficiency during that period.
A significant upward movement is observed by April 30, 2023, when the ratio increased to 17.34. This indicates a substantial improvement in receivables management, likely reflecting more stringent credit policies, improved collection processes, or a change in credit terms that expedited cash inflows.
Following this peak, the ratio experienced a decline to 13.98 by April 30, 2024, implying a temporary easing or challenges in receivables collection efficiency. Nevertheless, there was a recovery in subsequent periods, with the ratio rising again to 15.38 as of April 30, 2025.
Overall, the data demonstrates a trend of increasing receivables turnover ratios, particularly notable from 2022 onwards, indicating improvements in the company's collection efficiency and potential efforts to accelerate cash flows. The fluctuations suggest responsiveness to internal policy changes or external economic conditions affecting receivables management.