CSW Industrials Inc (CSWI)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 792,840 | 757,904 | 626,435 | 419,205 | 385,871 |
| Receivables | US$ in thousands | 142,665 | 122,753 | 122,804 | 96,695 | 74,880 |
| Receivables turnover | 5.56 | 6.17 | 5.10 | 4.34 | 5.15 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $792,840K ÷ $142,665K
= 5.56
The receivables turnover ratio for CSW Industrials Inc has shown variances over the five-year period from March 31, 2020, to March 31, 2024. The ratio increased from 5.16 in 2020 to 6.17 in 2023, indicating a more efficient collection of receivables in 2023. However, there was a slight decrease in the ratio to 5.58 in 2024.
A higher receivables turnover ratio generally suggests that the company is collecting its accounts receivables more effectively. A lower ratio may indicate difficulties in collecting payments from customers, potential credit risks, or changes in sales terms.
Overall, CSW Industrials Inc has demonstrated improvements in managing its accounts receivables turnover, with fluctuations observed over the years but generally maintaining levels that indicate solid receivables management.
Peer comparison
Mar 31, 2024