Cintas Corporation (CTAS)
Receivables turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,340,200 | 9,596,620 | 8,815,770 | 7,854,460 | 7,116,340 |
| Receivables | US$ in thousands | 1,417,380 | 1,244,180 | 1,152,990 | 1,027,930 | 923,992 |
| Receivables turnover | 7.30 | 7.71 | 7.65 | 7.64 | 7.70 |
May 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,340,200K ÷ $1,417,380K
= 7.30
The receivables turnover ratio for Cintas Corporation has demonstrated a relatively stable trend over the analyzed period from May 31, 2021, to May 31, 2024. Specifically, the ratio was recorded at 7.70 in 2021, marginally decreasing to 7.64 in 2022, and then slightly increasing to 7.65 in 2023. By 2024, the ratio further improved to 7.71. The data suggests minimal fluctuations in the efficiency of accounts receivable collection, indicating consistent management of receivables and effective credit policies.
The stable values around the mid-7 range imply that Cintas typically collects receivables approximately 7.7 times annually. This translates into an average collection period of roughly 47 days (365 divided by the receivables turnover ratio), aligning with industry standards for companies with similar service and product offerings.
Overall, the slight upward trend from 2022 to 2024 signifies a marginal enhancement in receivables management efficiency, potentially reflecting improved credit policies or collection processes. The absence of data beyond 2024 limits further analysis, but within the provided scope, the receivables turnover ratio remains consistent and indicates stable operational performance in managing receivables.
Peer comparison
May 31, 2025