Donaldson Company Inc (DCI)
Receivables turnover
| Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,586,300 | 3,530,400 | 3,478,200 | 3,429,800 | 3,430,800 | 3,441,300 | 3,418,800 | 3,393,000 | 3,306,600 | 3,183,700 | 3,092,300 | 2,965,600 | 2,837,800 | 2,688,100 | 2,551,600 | 2,533,300 | 2,568,200 | 2,677,700 | 2,765,200 | 2,811,400 |
| Receivables | US$ in thousands | 629,700 | 638,400 | 599,300 | 582,500 | 599,700 | 626,300 | 574,500 | 584,200 | 616,600 | 585,500 | 553,400 | 545,100 | 552,700 | 541,300 | 492,900 | 465,100 | 455,300 | 460,500 | 475,800 | 501,500 |
| Receivables turnover | 5.70 | 5.53 | 5.80 | 5.89 | 5.72 | 5.49 | 5.95 | 5.81 | 5.36 | 5.44 | 5.59 | 5.44 | 5.13 | 4.97 | 5.18 | 5.45 | 5.64 | 5.81 | 5.81 | 5.61 |
July 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,586,300K ÷ $629,700K
= 5.70
The receivables turnover ratio for Donaldson Company Inc has been relatively stable over the past 20 quarters, ranging from a low of 4.97 to a high of 5.95. On average, the company collects its accounts receivable approximately 5.58 times per year. This indicates that Donaldson is efficient in collecting payments from its customers, with a consistent performance in managing its accounts receivable turnover. The stable trend in receivables turnover suggests that the company has effective credit policies and collection procedures in place, ensuring a steady cash flow from its sales.