Carpenter Technology Corporation (CRS)

Receivables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	2,877,100	2,759,700	2,550,300	1,836,300	1,475,600
Receivables	US$ in thousands	575,500	562,600	531,300	382,300	308,700
Receivables turnover		5.00	4.91	4.80	4.80	4.78

June 30, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,877,100K ÷ $575,500K
= 5.00

The receivables turnover ratios for Carpenter Technology Corporation over the specified periods demonstrate a generally stable and slightly improving trend. During the fiscal year ending June 30, 2021, the receivables turnover stood at 4.78, indicating the company collected its average accounts receivable approximately 4.78 times within that year. This ratio remained relatively flat through June 30, 2022, at 4.80, reflecting consistency in receivables collection efficiency. Similarly, the ratio sustained at 4.80 through June 30, 2023, signifying continued stability during that period.

In the subsequent year ending June 30, 2024, a modest increase to 4.91 was observed, suggesting a slight improvement in the receivables collection process. The upward trend continued into June 30, 2025, with the ratio reaching 5.00. This incremental rise indicates that the company was able to collect its receivables approximately five times over the year, representing a mild enhancement in collection efficiency compared to prior years.

Overall, the progression of Carpenter Technology Corporation’s receivables turnover ratio from 4.78 to 5.00 over these four years reflects a consistent ability to manage receivables effectively, with a slow but steady trend toward improved collection performance. Such stability and slight improvement can be indicative of strengthening credit and collection policies or a favorable shift in customer payment behaviors.