Eagle Materials Inc (EXP)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,260,510 | 2,259,300 | 2,148,070 | 1,861,520 | 1,622,640 |
| Receivables | US$ in thousands | 222,352 | 212,895 | 211,319 | 183,478 | 149,971 |
| Receivables turnover | 10.17 | 10.61 | 10.17 | 10.15 | 10.82 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,260,510K ÷ $222,352K
= 10.17
The receivables turnover ratio for Eagle Materials Inc has been relatively stable over the past five years, ranging from 10.15 to 10.82. This indicates that the company is efficient in collecting its accounts receivable, with an average of approximately 10 times per year. A higher turnover ratio suggests that the company is able to collect payments quickly, which is a positive sign of liquidity and effective credit management. The slight fluctuations in the ratio over the years may be due to changes in the company's sales volumes or credit policies. Overall, the consistent and healthy receivables turnover ratio reflects Eagle Materials Inc's effectiveness in managing its accounts receivable and converting credit sales into cash efficiently.