Haynes International Inc (HAYN)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 581,578 | 487,791 | 336,228 | 379,029 | 488,561 |
| Receivables | US$ in thousands | 108,664 | 94,912 | 59,256 | 54,888 | 78,736 |
| Receivables turnover | 5.35 | 5.14 | 5.67 | 6.91 | 6.21 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $581,578K ÷ $108,664K
= 5.35
The receivables turnover for Haynes International Inc. has shown some fluctuation over the past five years. In 2023, the receivables turnover was 5.43, compared to 5.17 in 2022 and 5.70 in 2021. This indicates that the company collected its accounts receivable approximately 5.43 times during the year, implying an average collection period of around 67 days (365 days / 5.43). The decreasing trend in receivables turnover from 2021 to 2023 may suggest a lengthening of the average collection period, potentially indicating inefficiencies in the company's credit and collection policies. However, it's important to consider industry norms and company-specific factors when evaluating receivables turnover in isolation.
Peer comparison
Sep 30, 2023