Aspen Technology Inc (AZPN)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,127,480 | 1,044,180 | 482,311 |
| Receivables | US$ in thousands | 115,533 | 122,789 | 127,968 |
| Receivables turnover | 9.76 | 8.50 | 3.77 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,127,480K ÷ $115,533K
= 9.76
The receivables turnover ratio for Aspen Technology Inc has shown a positive trend over the past three fiscal years. The ratio increased from 3.77 in June 2022 to 8.50 in June 2023, and further improved to 9.76 in June 2024. This indicates that the company's efficiency in collecting payments from its customers has been steadily increasing. A higher receivables turnover ratio suggests that Aspen Technology Inc is more effective in managing its accounts receivable and converting them into cash. This trend is generally viewed positively as it signifies improved liquidity and potential lower credit risk. Overall, the increasing trend in receivables turnover reflects positively on Aspen Technology Inc's financial management and operational performance.
Peer comparison
Jun 30, 2024