GMS Inc (GMS)
Receivables turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,503,660 | 5,330,540 | 4,635,040 | 3,298,910 | 3,241,400 |
| Receivables | US$ in thousands | 970,960 | 884,728 | 833,714 | 635,602 | 405,254 |
| Receivables turnover | 5.67 | 6.03 | 5.56 | 5.19 | 8.00 |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,503,660K ÷ $970,960K
= 5.67
The receivables turnover ratio for GMS Inc has fluctuated over the past five years. The ratio indicates how efficiently the company is collecting payments from its customers.
In 2024, the receivables turnover was 5.67, which suggests that on average, receivables were converted into cash approximately 5.67 times during the year. This was a slight decrease from the previous year's turnover of 6.03, indicating a potential slowdown in collecting payments from customers.
Comparing to earlier years, the company had a receivables turnover of 5.56 in 2022 and 5.19 in 2021, showing a relatively consistent performance in collecting receivables during those years.
However, in 2020, the receivables turnover was significantly higher at 8.00, indicating that the company was collecting receivables more frequently that year.
Overall, the trend in receivables turnover for GMS Inc shows some variability, with 2020 standing out as a year of efficient collection, while there have been slight fluctuations in the following years. It is important for the company to closely monitor its receivables turnover to ensure the timely collection of outstanding payments from customers.
Peer comparison
Apr 30, 2024