ESCO Technologies Inc (ESE)
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 | 1,011,553 | 989,298 | 978,104 | 959,068 | 947,264 | 931,693 | 903,174 | 880,215 | 852,649 | 802,596 | 765,775 | 728,079 | 714,210 | 717,564 | 707,792 | 720,752 | 727,651 | 756,279 | 782,930 | 797,707 |
| Receivables | US$ in thousands | 240,680 | 213,592 | 187,535 | 194,400 | 198,600 | 192,146 | 180,817 | 159,658 | 164,645 | 168,720 | 140,497 | 135,874 | 146,341 | 135,343 | 124,580 | 143,675 | 144,082 | 138,080 | 157,050 | 160,714 |
| Receivables turnover | 4.20 | 4.63 | 5.22 | 4.93 | 4.77 | 4.85 | 4.99 | 5.51 | 5.18 | 4.76 | 5.45 | 5.36 | 4.88 | 5.30 | 5.68 | 5.02 | 5.05 | 5.48 | 4.99 | 4.96 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,011,553K ÷ $240,680K
= 4.20
ESCO Technologies Inc's receivables turnover has seen fluctuations over the past few quarters, ranging from a low of 4.20 to a high of 5.68. Overall, the company's receivables turnover has generally been in the range of 4.20 to 5.68, which indicates that, on average, the company collects its accounts receivable every 4.20 to 5.68 times per year.
The trend in receivables turnover has shown some variability, with fluctuations occurring between consecutive quarters. This suggests that the company's collection efficiency may have been impacted by various factors such as changes in credit policies, customer payment behavior, or sales volume.
It is important for ESCO Technologies Inc to closely monitor and manage its receivables turnover to ensure timely collection of receivables and optimize cash flow. A consistent and efficient collections process is essential for maintaining healthy working capital levels and overall financial health of the company.
Peer comparison
Sep 30, 2024