CSW Industrials, Inc. (CSW)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 915,770 | 878,301 | 858,612 | 839,930 | 815,657 | 792,840 | 777,666 | 773,792 | 761,331 | 757,905 | 735,518 | 700,711 | 665,104 | 626,436 | 586,506 | 540,152 | 489,507 | 419,205 | 384,334 | 378,118 |
| Receivables | US$ in thousands | 179,409 | 157,741 | 114,825 | 135,265 | 143,195 | 144,620 | 104,522 | 126,320 | 127,075 | 122,753 | 103,213 | 125,901 | 143,874 | 122,804 | 90,737 | 107,660 | 111,940 | 96,695 | 75,005 | 70,092 |
| Receivables turnover | 5.10 | 5.57 | 7.48 | 6.21 | 5.70 | 5.48 | 7.44 | 6.13 | 5.99 | 6.17 | 7.13 | 5.57 | 4.62 | 5.10 | 6.46 | 5.02 | 4.37 | 4.34 | 5.12 | 5.39 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $915,770K ÷ $179,409K
= 5.10
The receivables turnover ratio for CSW Industrials, Inc. experienced variations over the period summarized. Beginning with a ratio of approximately 5.39 at September 30, 2020, it declined to a low of 4.34 by March 31, 2021, indicating a slowdown in the company's ability to collect receivables during that interval. Subsequently, the ratio showed some fluctuations, reaching a peak of 7.44 at December 31, 2023, which suggests an improvement in receivables collection efficiency by that time.
Throughout the period, the ratio oscillated between lower levels in the mid-4s to high 7s, reflecting variability in collection effectiveness. Notably, the ratio increased significantly from 5.12 at the end of 2020 to over 7.4 at the end of 2023, demonstrating a potential strengthening in receivables collection process. The trend from 2024 onwards indicates a stabilization, with ratios hovering around mid-5 to high 6s; the latest figure at December 31, 2024, stands at 7.48, the highest in the dataset, while the subsequent quarter shows a slight decrease to 5.57, followed by a marginal recovery to 5.10 in June 2025.
Overall, the data suggest that CSW Industrials, Inc. experienced improvements in receivables turnover over time, especially from late 2022 through 2024, indicative of enhanced collection efficiency or possibly changes in credit policies or customer base. The fluctuations imply periodic adjustments or external factors influencing receivables management, but the noticeable upward trend toward late 2023 and into 2024 points toward a generally strengthening receivables collection posture.
Peer comparison
Jun 30, 2025