AeroVironment Inc (AVAV)
Receivables turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 787,811 | 742,556 | 761,498 | 759,618 | 750,951 | 734,788 | 700,557 | 665,864 | 671,089 | 624,668 | 606,716 | 566,415 | 491,958 | 466,079 | 439,548 | 460,586 | 439,095 | 430,215 | 444,359 | 444,087 |
| Receivables | US$ in thousands | 391,976 | 310,882 | 278,115 | 255,591 | 269,779 | 209,905 | 209,905 | 221,412 | 221,412 | 186,472 | 186,472 | 193,286 | 171,340 | 171,340 | 133,061 | 133,061 | 141,459 | 141,459 | 164,806 | 166,310 |
| Receivables turnover | 2.01 | 2.39 | 2.74 | 2.97 | 2.78 | 3.50 | 3.34 | 3.01 | 3.03 | 3.35 | 3.25 | 2.93 | 2.87 | 2.72 | 3.30 | 3.46 | 3.10 | 3.04 | 2.70 | 2.67 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $787,811K ÷ $391,976K
= 2.01
The receivables turnover ratio of AeroVironment Inc. reflects its efficiency in collecting accounts receivable over the observed period. Beginning with a ratio of approximately 2.67 at January 31, 2022, the company demonstrated incremental improvement, reaching a peak of around 3.50 at the end of January 2024. This trend indicates a general strengthened capability in converting receivables into cash during this period, possibly benefiting from improved credit management or more effective collections processes.
Subsequently, a modest decline is evident, with the ratio decreasing to approximately 2.74 by October 31, 2024, and further reducing to around 2.39 as of January 31, 2025. This downtrend may suggest a temporary or sustained slowdown in collection efficiency, an increase in accounts receivable, or changes in revenue recognition policies.
Overall, the trajectory of AeroVironment's receivables turnover demonstrates periods of consecutive improvement followed by slight deterioration, indicating fluctuations in the company's collection performance over time. The ratios generally remain within a range that suggests moderate efficiency in receivables management, with variations likely influenced by seasonal, operational, or strategic factors.
Peer comparison
Apr 30, 2025