Acuity Brands Inc (AYI)
Receivables turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,822,700 | 3,789,100 | 3,813,600 | 3,850,400 | 3,913,100 | 4,022,500 | 4,082,500 | 4,049,200 | 3,979,100 | 3,887,700 | 3,727,000 | 3,594,000 | 3,461,000 | 3,363,200 | 3,240,000 | 3,287,700 | 3,326,400 | 3,379,200 | 3,547,600 | 3,575,500 |
| Receivables | US$ in thousands | 563,000 | 512,300 | 494,900 | 517,100 | 555,300 | 545,000 | 523,100 | 584,200 | 665,900 | 597,200 | 546,800 | 529,300 | 571,800 | 509,000 | 448,000 | 445,300 | 500,300 | 451,300 | 506,700 | 507,700 |
| Receivables turnover | 6.79 | 7.40 | 7.71 | 7.45 | 7.05 | 7.38 | 7.80 | 6.93 | 5.98 | 6.51 | 6.82 | 6.79 | 6.05 | 6.61 | 7.23 | 7.38 | 6.65 | 7.49 | 7.00 | 7.04 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,822,700K ÷ $563,000K
= 6.79
Acuity Brands Inc's receivables turnover has shown some fluctuations over the past few years. The ratio indicates the company's ability to efficiently collect receivables from customers.
In the latest reporting period of August 31, 2024, the receivables turnover stands at 6.79 times, which implies that the company collected its outstanding receivables approximately 6.79 times during the year. This figure is slightly lower than the previous period's ratio of 7.40.
Looking at the trend over the past few years, we can see that the company has generally maintained a healthy receivables turnover ratio above 6, indicating effective management of its accounts receivables. However, there have been some fluctuations, with the ratio ranging from a low of 5.98 on August 31, 2022, to a high of 7.80 on February 28, 2023.
Overall, a receivables turnover ratio above 6 suggests that Acuity Brands Inc is efficient in collecting payments from its customers, but investors and analysts may want to monitor any significant deviations from historical trends to assess the company's financial health and operational efficiency.
Peer comparison
Aug 31, 2024