AeroVironment Inc (AVAV)
Receivables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 692,722 | 716,720 | 540,536 | 445,732 | 394,912 |
| Receivables | US$ in thousands | 391,976 | 269,779 | 193,286 | 164,806 | 134,279 |
| Receivables turnover | 1.77 | 2.66 | 2.80 | 2.70 | 2.94 |
April 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $692,722K ÷ $391,976K
= 1.77
The receivables turnover ratio for AeroVironment Inc. over the period from April 30, 2021, to April 30, 2025, reveals fluctuations in the efficiency with which the company collects its accounts receivable.
In April 2021, the receivables turnover was 2.94, indicating that receivables were collected approximately 2.94 times during the fiscal year. This figure decreased to 2.70 in April 2022, suggesting a slight decline in collection efficiency. By April 2023, the ratio marginally increased to 2.80, reflecting a modest improvement but still remaining below the 2021 level.
However, the trend continued to weaken afterward, with the ratio declining to 2.66 in April 2024, signaling a further decrease in collection effectiveness compared to previous years. The most notable change occurred by April 2025, when the ratio dropped significantly to 1.77, indicating that the company was collecting its receivables approximately 1.77 times per year. This substantial decrease signifies a considerable slowdown in receivables collection efficiency during this period.
Overall, the data suggests that AeroVironment Inc. experienced a decline in receivables turnover over the four-year span, culminating in a marked reduction in collection frequency in April 2025. This downward trend may reflect longer collection periods, potential credit policy changes, or shifts in customer payment behavior, warranting further investigation into accounts receivable management practices and credit policies.
Peer comparison
Apr 30, 2025