Eagle Materials Inc (EXP)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,260,508 | 2,267,040 | 2,267,848 | 2,266,465 | 2,259,297 | 2,252,717 | 2,205,371 | 2,188,203 | 2,148,069 | 2,091,059 | 2,042,513 | 1,947,139 | 1,861,522 | 1,791,707 | 1,733,433 | 1,671,423 | 1,623,673 | 1,595,813 | 1,541,395 | 1,508,237 |
| Receivables | US$ in thousands | 222,352 | 184,122 | 248,823 | 281,033 | 212,895 | 195,899 | 252,976 | 250,057 | 211,319 | 178,009 | 236,966 | 237,314 | 183,478 | 179,551 | 214,618 | 187,411 | 149,971 | 144,367 | 205,809 | 318,273 |
| Receivables turnover | 10.17 | 12.31 | 9.11 | 8.06 | 10.61 | 11.50 | 8.72 | 8.75 | 10.17 | 11.75 | 8.62 | 8.20 | 10.15 | 9.98 | 8.08 | 8.92 | 10.83 | 11.05 | 7.49 | 4.74 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,260,508K ÷ $222,352K
= 10.17
The receivables turnover ratio of Eagle Materials Inc has exhibited fluctuations over the past few quarters. The ratio, which measures how effectively the company is collecting outstanding receivables from customers, has ranged from a low of 4.74 to a high of 12.31 during the period from June 30, 2020, to March 31, 2025.
The trend shows an overall improvement in the efficiency of receivables collection, as the ratio generally increased from 4.74 on June 30, 2020, to 10.17 on March 31, 2025. This indicates that the company has been able to collect outstanding receivables more quickly as time has progressed.
However, there have been fluctuations in between, indicating potential challenges in managing receivables effectively during certain quarters. For instance, the ratio dipped to 8.06 on June 30, 2024, before recovering to 12.31 on December 31, 2024.
Overall, the trend suggests that Eagle Materials Inc has been successful in improving its receivables turnover efficiency, but the company should continue to monitor and manage its receivables effectively to ensure a consistent and optimal cash flow.