H B Fuller Company (FUL)
Receivables turnover
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,568,737 | 3,548,332 | 3,531,039 | 3,512,171 | 3,510,935 | 3,566,270 | 3,606,866 | 3,701,885 | 3,749,184 | 3,688,394 | 3,573,994 | 3,408,609 | 3,278,031 | 3,158,247 | 3,022,880 | 2,869,609 | 2,790,269 | 2,751,735 | 2,785,648 | 2,870,629 |
| Receivables | US$ in thousands | 558,336 | 574,781 | 571,134 | 525,689 | 577,932 | 576,060 | — | — | 607,365 | 649,727 | 644,544 | 616,274 | 614,645 | 572,855 | 583,270 | 504,994 | 514,916 | 476,099 | 448,126 | 457,826 |
| Receivables turnover | 6.39 | 6.17 | 6.18 | 6.68 | 6.07 | 6.19 | — | — | 6.17 | 5.68 | 5.54 | 5.53 | 5.33 | 5.51 | 5.18 | 5.68 | 5.42 | 5.78 | 6.22 | 6.27 |
November 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,568,737K ÷ $558,336K
= 6.39
The receivables turnover ratio of H B Fuller Company has fluctuated over the years based on the provided data. The ratio indicates how efficiently the company is able to collect payments from its customers. A higher turnover ratio indicates a more efficient collection process.
From February 29, 2020, to November 27, 2021, the receivables turnover ratio decreased steadily from 6.27 to 5.33. This decline may suggest potential issues with collecting payments from customers during this period. However, from February 26, 2022, to August 27, 2022, the ratio increased again from 5.53 to 5.68, showing an improvement in receivables management.
The ratio remained relatively stable around the range of 5.18 to 6.17 from May 29, 2021, to August 31, 2024, indicating that the company may have implemented more effective collection strategies to maintain a consistent turnover rate.
The most recent data point of November 30, 2024, shows a slightly higher turnover ratio of 6.39, suggesting that the company has potentially improved its receivables management efficiency. Overall, the receivables turnover ratio of H B Fuller Company has shown some variability but has generally remained within a reasonable range over the analyzed period.
Peer comparison
Nov 30, 2024