CSW Industrials Inc (CSWI)
Receivables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 841,284 | 817,011 | 794,193 | 777,621 | 773,747 | 761,286 | 757,853 | 735,524 | 700,717 | 665,110 | 626,436 | 586,536 | 540,182 | 489,537 | 419,236 | 384,436 | 378,220 | 374,604 | 385,973 | 378,873 |
| Receivables | US$ in thousands | 135,265 | 143,195 | 142,665 | 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 | 71,490 | 74,880 | 57,583 |
| Receivables turnover | 6.22 | 5.71 | 5.57 | 7.44 | 6.13 | 5.99 | 6.17 | 7.13 | 5.57 | 4.62 | 5.10 | 6.46 | 5.02 | 4.37 | 4.34 | 5.13 | 5.40 | 5.24 | 5.15 | 6.58 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $841,284K ÷ $135,265K
= 6.22
CSW Industrials Inc's receivables turnover ratio fluctuated over the past several quarters. The ratio ranged from a low of 4.34 in March 2021 to a high of 7.44 in December 2023. Overall, the company has shown a general trend of maintaining a healthy turnover rate, indicating its ability to efficiently collect outstanding receivables from customers within a certain period.
However, it is essential to highlight the decreasing trend in the receivables turnover ratio since December 2023. From that quarter onwards, the ratio has been consistently declining, indicating a potential slowdown in the collection of accounts receivable compared to prior periods.
It is important for CSW Industrials Inc to closely monitor this trend and analyze the reasons behind the decline in receivables turnover. A decreasing ratio could suggest issues such as an increase in bad debt, delayed payments from customers, or ineffective credit policies. Addressing these issues promptly is crucial to maintain healthy cash flows and overall financial stability.
Peer comparison
Sep 30, 2024