American Woodmark Corporation (AMWD)

American Woodmark Corporation's receivables turnover has shown some fluctuations over the past five years. The ratio indicates how efficiently the company is collecting on its credit sales. A higher receivables turnover ratio generally signifies that the company is collecting its outstanding receivables more quickly.

In the fiscal year ending April 30, 2024, the receivables turnover ratio was 15.72, which was slightly lower compared to the previous year but still relatively high. This suggests that American Woodmark Corporation is collecting its receivables efficiently.

Looking back at the trend, the ratio was highest in the fiscal year ending April 30, 2023, at 17.34, indicating very efficient collection of credit sales. In the fiscal year ending April 30, 2022, the ratio decreased to 11.83, which could be a point of concern as it indicates a slowdown in receivables turnover efficiency.

Similarly, in the fiscal years ending April 30, 2021, and April 30, 2019, the receivables turnover ratios were 11.87 and 12.96, respectively. While these ratios were relatively lower compared to the peak in 2023, they still suggest that American Woodmark Corporation generally manages its receivables well.

Overall, the fluctuation in the receivables turnover ratio over the past five years indicates some variability in how effectively the company is collecting its accounts receivable. Monitoring this ratio over time can help assess the company's credit policies, collection efforts, and overall liquidity position.