Griffon Corporation (GFF)

Receivables turnover

		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	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	2,569,202	2,527,910	2,540,295	2,579,326	2,596,635	2,667,247	2,748,003	2,820,103	2,760,205	2,432,204	2,324,089	2,184,420	2,207,560	2,509,033	2,492,326	2,417,798	2,351,128	2,264,619	2,208,339	2,196,705
Receivables	US$ in thousands	312,765	320,385	349,818	299,594	312,432	359,398	386,119	350,625	361,653	429,683	512,449	334,040	294,804	363,046	399,193	318,535	348,124	359,464	335,033	272,572
Receivables turnover		8.21	7.89	7.26	8.61	8.31	7.42	7.12	8.04	7.63	5.66	4.54	6.54	7.49	6.91	6.24	7.59	6.75	6.30	6.59	8.06

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,569,202K ÷ $312,765K
= 8.21

The receivables turnover ratio for Griffon Corporation has fluctuated over the past several quarters, ranging from 4.54 to 8.61 times. Receivables turnover measures how efficiently a company is able to collect cash from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.

In the most recent quarter, the receivables turnover was 8.21 times, reflecting an improvement in the company's ability to collect on its outstanding accounts receivable compared to the previous quarter.

Overall, Griffon Corporation has generally maintained a healthy receivables turnover ratio, which suggests that the company is effectively managing its accounts receivable and collecting cash from customers in a timely manner. However, it is important for the company to continue monitoring this ratio to ensure efficient working capital management and cash flow optimization.