Calavo Growers Inc (CVGW)

Receivables turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	868,955	967,561	976,896	1,056,974	1,142,970	1,189,047	1,219,347	1,163,641	1,108,513	1,056,752	1,018,153	967,811	969,733	1,022,484	1,080,072	1,204,139	1,213,831	1,197,400	1,185,276	1,122,381
Receivables	US$ in thousands	36,052	68,176	80,567	73,157	66,350	63,816	86,992	111,817	97,483	84,166	86,556	92,531	78,306	69,368	77,267	85,111	82,658	68,723	88,338	83,392
Receivables turnover		24.10	14.19	12.13	14.45	17.23	18.63	14.02	10.41	11.37	12.56	11.76	10.46	12.38	14.74	13.98	14.15	14.68	17.42	13.42	13.46

January 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $868,955K ÷ $36,052K
= 24.10

The receivables turnover ratio of Calavo Growers Inc has fluctuated over the past few years, ranging from a low of 10.41 to a high of 24.10. The ratio measures how efficiently the company is able to collect payments from its customers. A higher ratio indicates that the company is collecting payments quickly, while a lower ratio may suggest potential issues with collections.

In general, Calavo Growers Inc's receivables turnover has shown some variability, with no clear trend evident over the periods analyzed. However, it is worth noting that the ratio has often been above 10, indicating that the company is generally efficient in collecting payments from its customers.

To gain a deeper understanding of the company's receivables management, additional analysis and comparison with industry benchmarks would be advisable. Furthermore, it would be beneficial to look at trends in receivables turnover over a longer time horizon to assess any underlying patterns or changes in the company's collection practices.