Acuity Brands Inc (AYI)
Receivables turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,835,700 | 3,913,100 | 3,981,400 | 3,461,000 | 3,326,300 |
| Receivables | US$ in thousands | 563,000 | 555,300 | 665,900 | 571,800 | 500,300 |
| Receivables turnover | 6.81 | 7.05 | 5.98 | 6.05 | 6.65 |
August 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,835,700K ÷ $563,000K
= 6.81
The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales during a specific period. In the case of Acuity Brands Inc, the trend in the receivables turnover ratio over the past five years shows some fluctuations.
In the most recent fiscal year ending on August 31, 2024, Acuity Brands Inc's receivables turnover ratio was 6.81, which indicates that the company converted its accounts receivable into cash approximately 6.81 times during that year. This ratio was lower compared to the previous year's ratio of 7.05, suggesting a slight decrease in the efficiency of collecting receivables.
Looking further back, the receivables turnover ratios for the previous years were as follows: 5.98 in 2022, 6.05 in 2021, and 6.65 in 2020. These ratios also demonstrate some variability in the efficiency of Acuity Brands Inc's collections over time.
Overall, while the receivables turnover ratio for Acuity Brands Inc has shown some fluctuations in recent years, the company generally maintains a relatively efficient collection process. Further analysis in conjunction with other financial metrics would be necessary to fully assess the company's overall financial health and performance.
Peer comparison
Aug 31, 2024