Eagle Materials Inc (EXP)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,217,040 | 2,209,817 | 2,163,667 | 2,148,123 | 2,112,898 | 2,066,217 | 2,020,952 | 1,921,890 | 1,836,631 | 1,766,816 | 1,704,833 | 1,642,535 | 1,691,662 | 1,663,802 | 1,609,201 | 1,578,462 | 1,422,288 | 1,391,547 | 1,376,832 | 1,347,125 |
| Receivables | US$ in thousands | 212,895 | 195,899 | 252,976 | 250,057 | 212,419 | 178,109 | 236,966 | 237,314 | 183,478 | 179,551 | 214,618 | 187,411 | 149,971 | 144,367 | 205,809 | 318,273 | 280,199 | 140,283 | 182,689 | 174,279 |
| Receivables turnover | 10.41 | 11.28 | 8.55 | 8.59 | 9.95 | 11.60 | 8.53 | 8.10 | 10.01 | 9.84 | 7.94 | 8.76 | 11.28 | 11.52 | 7.82 | 4.96 | 5.08 | 9.92 | 7.54 | 7.73 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,217,040K ÷ $212,895K
= 10.41
The receivables turnover ratio of Eagle Materials Inc has shown some fluctuation over the periods analyzed. The ratio indicates how efficiently the company is collecting its accounts receivable. A higher turnover ratio typically suggests that the company is collecting its receivables more quickly.
In the most recent period, ending on March 31, 2024, the receivables turnover ratio was 10.41, representing a decrease from the previous quarter's ratio of 11.28. This decline may indicate that Eagle Materials Inc took slightly longer to collect its receivables compared to the prior period.
Looking at the trend over the past few quarters, the receivables turnover ratio has shown variability, ranging from a low of 4.96 in June 2020 to a high of 11.60 in December 2022. The company's ability to efficiently manage its receivables appears to have improved since the low point in June 2020.
Overall, the fluctuation in the receivables turnover ratio suggests that Eagle Materials Inc's management of its accounts receivable collection has been somewhat inconsistent. Further investigation into the factors driving these fluctuations could provide insights into the company's cash flow management and customer credit policies.