American Woodmark Corporation (AMWD)
Receivables turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,709,585 | 1,762,468 | 1,786,990 | 1,808,375 | 1,847,502 | 1,875,319 | 1,933,930 | 2,021,562 | 2,066,200 | 2,086,811 | 2,065,834 | 1,957,498 | 1,857,186 | 1,828,870 | 1,801,088 | 1,796,508 | 1,744,014 | 1,669,821 | 1,633,622 | 1,613,055 |
| Receivables | US$ in thousands | 111,171 | 130,815 | 123,225 | 122,764 | 132,107 | 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 |
| Receivables turnover | 15.38 | 13.47 | 14.50 | 14.73 | 13.98 | 16.59 | 16.02 | 17.17 | 17.34 | 17.72 | 13.45 | 12.05 | 11.83 | 11.47 | 11.67 | 13.74 | 11.87 | 11.30 | 10.95 | 13.08 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,709,585K ÷ $111,171K
= 15.38
The receivables turnover ratio for American Woodmark Corporation demonstrates notable fluctuations over the specified periods, reflecting shifts in the efficiency of collecting accounts receivable.
Starting from July 31, 2020, the ratio was 13.08, indicating a relatively high frequency of collections within the year. This ratio declined to 10.95 by October 31, 2020, suggesting a slowdown in collection activity during that quarter. Subsequently, the ratio experienced a moderate recovery, reaching 11.30 as of January 31, 2021, and slightly increasing to 11.87 by April 30, 2021.
Throughout the next year, there was a consistent upward trend, with the ratio climbing to 13.74 by July 31, 2021, and maintaining relative strength at 11.67 and 11.47 during October 2021 and January 2022, respectively. The ratio then stabilized around the low 11s through April 2022 to July 2022, reaching 12.05, and further increased to 13.45 by October 2022, implying improved receivables management.
A significant jump appears from January 2023 onwards, with the ratio reaching 17.72, indicating a marked acceleration in receivables collection or possibly changes in credit policies or customer payment behaviors. The ratio remained elevated through April 2023 at 17.34 and July 2023 at 17.17, before declining slightly to 16.02 in October 2023.
In the subsequent periods, the ratio showed some variability: it increased modestly to 16.59 in January 2024, then declined to 13.98 in April 2024, before recovering to 14.73 in July 2024 and slightly declining again to 14.50 in October 2024. The observed downward trend resumed, with ratios recorded at 13.47 in January 2025 and slightly rising to 15.38 by April 2025.
Overall, the receivables turnover ratio has experienced periods of both increase and decrease, with notable peaks around January 2023, suggesting more efficient collection periods, and some cyclical declines likely reflecting variations in sales, credit policies, or seasonal factors. The general trend indicates periods of improved receivables management interspersed with phases of slower collection efficiency.