AeroVironment Inc (AVAV)
Receivables turnover
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 715,435 | 704,843 | 652,660 | 583,428 | 539,407 | 496,023 | 461,264 | 482,030 | 485,044 | 478,879 | 471,908 | 427,008 | 451,353 | 402,249 | 397,514 | 383,043 | 325,863 | 356,333 | 323,036 | 315,858 |
| Receivables | US$ in thousands | 269,779 | 209,905 | 221,412 | 186,472 | 193,286 | 171,340 | 133,061 | 141,459 | 164,806 | 166,310 | 157,291 | 133,217 | 134,279 | 101,274 | — | 149,497 | 90,659 | 84,919 | 80,293 | 73,672 |
| Receivables turnover | 2.65 | 3.36 | 2.95 | 3.13 | 2.79 | 2.89 | 3.47 | 3.41 | 2.94 | 2.88 | 3.00 | 3.21 | 3.36 | 3.97 | — | 2.56 | 3.59 | 4.20 | 4.02 | 4.29 |
April 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $715,435K ÷ $269,779K
= 2.65
The receivables turnover ratio of AeroVironment Inc has fluctuated over the past few years. The ratio measures how efficiently the company collects outstanding receivables from its customers. A higher turnover ratio indicates better efficiency in collecting receivables.
Looking at the data provided, we can see that the receivables turnover ratio has ranged from as low as 2.56 to as high as 4.29 in recent periods. The ratio has shown some variability, with the highest value being 4.29, indicating that AeroVironment Inc was particularly efficient in collecting receivables during that period.
Overall, the trend in the receivables turnover ratio shows some fluctuations, suggesting varying levels of efficiency in collecting receivables over the selected periods. It is important for the company to closely monitor this ratio to ensure effective management of its accounts receivable and maintain healthy cash flow.
Peer comparison
Apr 30, 2024