Apogee Enterprises Inc (APOG)
Receivables turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,360,994 | 1,458,353 | 1,478,849 | 1,476,123 | 1,822,581 | 1,733,203 | 2,076,483 | 2,098,482 | 2,141,925 | 2,132,355 | 1,824,697 | 1,830,831 | 1,842,518 | 1,870,522 | 2,215,580 | 2,204,368 | 2,183,988 | 2,139,836 | 1,726,861 | 1,704,443 |
| Receivables | US$ in thousands | — | — | — | — | 173,557 | — | — | 198,249 | — | 205,720 | — | 210,796 | — | 197,267 | — | 222,554 | — | 231,853 | — | 193,741 |
| Receivables turnover | — | — | — | — | 10.50 | — | — | 10.59 | — | 10.37 | — | 8.69 | — | 9.48 | — | 9.90 | — | 9.23 | — | 8.80 |
February 28, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,360,994K ÷ $—K
= —
The receivables turnover ratio for Apogee Enterprises Inc demonstrates the efficiency with which the company collects on its accounts receivable. Looking at the data provided, the receivables turnover ratio fluctuates over the periods mentioned.
For example, based on the figures available, the receivables turnover ratio ranged from 8.69 to 10.59 times during the respective reporting periods. A higher turnover ratio indicates that Apogee Enterprises Inc is collecting its accounts receivable more frequently, which is generally seen as a positive sign of efficiency in managing its receivables.
However, it is important to note that there are some periods where the data is not available ('—'), which may indicate a lack of complete information or significant changes in the company's operations or reporting practices during those periods.
In conclusion, the receivables turnover ratio for Apogee Enterprises Inc has shown variability over the periods provided, and further analysis would be needed to understand the trends and factors influencing this metric in order to assess the company's overall performance in managing its accounts receivable effectively.