Acuity Brands Inc (AYI)
Receivables turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,672,900 | 3,768,000 |
| Receivables | US$ in thousands | 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 | 561,000 | 586,000 |
| Receivables turnover | 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 | 6.55 | 6.43 |
February 29, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,813,600K ÷ $494,900K
= 7.71
The receivables turnover ratio for Acuity Brands Inc has shown fluctuations over the past few quarters, ranging from a low of 5.98 to a high of 7.80. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates that the company is collecting payments from its customers more quickly, which is generally favorable.
Based on the historical data provided, the company's receivables turnover ratio has generally been above 7, suggesting that Acuity Brands Inc has been effective in managing its accounts receivable and converting credit sales into cash. The slight fluctuations in the ratio may be influenced by seasonal variations in sales or changes in the company's credit policies.
Overall, a consistent and relatively high receivables turnover ratio indicates strong liquidity and efficient management of accounts receivable for Acuity Brands Inc. Further analysis and comparison with industry benchmarks could provide more insights into the company's performance in this area.
Peer comparison
Feb 29, 2024