Eagle Materials Inc (EXP)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,217,040 | 2,112,900 | 1,824,550 | 1,691,400 | 1,412,390 |
| Receivables | US$ in thousands | 212,895 | 212,419 | 183,478 | 149,971 | 280,199 |
| Receivables turnover | 10.41 | 9.95 | 9.94 | 11.28 | 5.04 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,217,040K ÷ $212,895K
= 10.41
Eagle Materials Inc's receivables turnover has shown a consistent pattern over the past five years. The ratio has fluctuated within a relatively narrow range, with values ranging from 5.04 to 11.28. The receivables turnover peaked in 2021 at 11.28, indicating that the company collected its accounts receivable approximately 11.28 times during that year. However, in subsequent years, the receivables turnover slightly decreased, with 2024 showing a ratio of 10.41.
Overall, the receivables turnover ratio suggests that Eagle Materials Inc has been efficient in collecting its accounts receivable, although there have been slight fluctuations. A higher turnover ratio generally indicates that the company is collecting its receivables quickly, which is a positive sign of effective management of accounts receivable.