American Woodmark Corporation (AMWD)

Receivables turnover

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	1,848,918	1,882,647	1,938,887	2,024,050	2,066,902	2,081,573	2,062,231	1,955,957	1,857,937	1,835,933	1,805,073	1,796,872	1,738,985	1,640,397	1,634,769	1,611,322	1,635,965	1,631,214	1,635,512	1,645,319
Receivables	US$ in thousands	117,559	113,073	120,742	117,763	119,163	117,742	153,644	162,447	156,961	159,470	154,300	130,736	146,866	147,834	149,165	123,301	128,591	122,822	119,999	126,910
Receivables turnover		15.73	16.65	16.06	17.19	17.35	17.68	13.42	12.04	11.84	11.51	11.70	13.74	11.84	11.10	10.96	13.07	12.72	13.28	13.63	12.96

April 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,848,918K ÷ $117,559K
= 15.73

The receivables turnover ratio for American Woodmark Corporation has fluctuated over the past several quarters. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period.

From Apr 30, 2019, to Apr 30, 2024, the receivables turnover ratio ranged from a low of 10.96 to a high of 17.68. The highest turnover ratio was observed in Jan 31, 2023, at 17.68, indicating that the company collected its outstanding receivables almost 17.68 times during that period.

There seems to be some variability in the ratio, with fluctuations across different quarters. It is essential for a company to have a consistent and healthy receivables turnover ratio, as a higher ratio typically suggests that the company is efficiently collecting receivables and managing its credit policies effectively.

Further analysis and comparison with industry benchmarks could provide a deeper insight into American Woodmark Corporation's receivables management efficiency and credit policies.