AeroVironment Inc (AVAV)
Receivables turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 715,090 | 538,194 | 480,176 | 437,161 | 428,516 |
| Receivables | US$ in thousands | 269,779 | 193,286 | 164,806 | 134,279 | 149,497 |
| Receivables turnover | 2.65 | 2.78 | 2.91 | 3.26 | 2.87 |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $715,090K ÷ $269,779K
= 2.65
AeroVironment Inc's receivables turnover has been fluctuating over the past five years. The receivables turnover ratio decreased from 3.26 in April 2021 to 2.65 in April 2024, indicating that the company took longer to collect its accounts receivable in the most recent period. This could be a cause for concern as a lower receivables turnover ratio may suggest inefficiencies in collecting outstanding payments from customers.
However, it is important to note that the receivables turnover ratio of AeroVironment Inc has generally been around 2.65 to 3.26 over the five-year period, with some variations seen year to year. This indicates that the company has been relatively consistent in managing its accounts receivable turnover.
Overall, AeroVironment Inc should continue to monitor its receivables turnover ratio and strive to improve its collection process to ensure timely receipt of payments from customers, which could help enhance its cash flow and overall financial performance.
Peer comparison
Apr 30, 2024