Carpenter Technology Corporation (CRS)

Receivables turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	2,756,100	2,495,100	1,783,200	1,431,400	2,164,000
Receivables	US$ in thousands	562,600	531,300	382,300	308,700	292,300
Receivables turnover		4.90	4.70	4.66	4.64	7.40

June 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,756,100K ÷ $562,600K
= 4.90

Carpenter Technology Corporation's receivables turnover ratio has been relatively stable over the past five years, ranging from 4.66 to 7.40. A higher receivables turnover ratio indicates that the company is able to collect its accounts receivable more efficiently. In the last fiscal year, the company experienced a notable decrease in the receivables turnover ratio compared to the previous year, which may suggest a potential slowdown in collecting payments from customers. It is important for the company to closely monitor this ratio to ensure efficient management of accounts receivable and maintain healthy cash flows.