CACI International Inc (CACI)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,660,200 | 6,619,030 | 6,160,670 | 6,004,680 | 5,665,180 |
| Receivables | US$ in thousands | 1,031,310 | 894,946 | 926,144 | 879,851 | 841,227 |
| Receivables turnover | 7.43 | 7.40 | 6.65 | 6.82 | 6.73 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,660,200K ÷ $1,031,310K
= 7.43
The receivables turnover ratio for CACI International Inc has shown a consistent trend over the past five years. It increased from 6.73 in June 2020 to 7.43 in June 2024, indicating that the company's efficiency in collecting outstanding receivables has improved.
A higher receivables turnover ratio suggests that CACI International Inc is collecting its accounts receivable more frequently within a particular period. This can signify effective credit management policies, prompt collection efforts, and a lower risk of bad debts.
The company's ability to convert its accounts receivable into cash has strengthened over the years, reflecting positively on its liquidity and financial health. However, it is important to consider industry norms and peer comparisons to gain deeper insights into the efficiency of CACI International Inc's receivables management.
Peer comparison
Jun 30, 2024