Haynes International Inc (HAYN)
Receivables turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 595,589 | 581,609 | 566,513 | 554,183 | 519,804 | 487,796 | 440,365 | 398,795 | 364,018 | 336,761 | 321,421 | 313,735 | 343,237 | 379,566 | 429,268 | 474,910 | 490,833 | 489,454 | 482,127 | 469,212 |
| Receivables | US$ in thousands | 97,720 | 108,664 | 91,182 | 101,881 | 92,139 | 94,912 | 79,574 | 77,352 | 58,506 | 59,256 | 53,124 | 49,162 | 44,601 | 54,888 | 57,356 | 66,347 | 66,491 | 78,736 | 80,090 | 83,539 |
| Receivables turnover | 6.09 | 5.35 | 6.21 | 5.44 | 5.64 | 5.14 | 5.53 | 5.16 | 6.22 | 5.68 | 6.05 | 6.38 | 7.70 | 6.92 | 7.48 | 7.16 | 7.38 | 6.22 | 6.02 | 5.62 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $595,589K ÷ $97,720K
= 6.09
Haynes International Inc.'s receivables turnover ratio has been fluctuating over the past eight quarters. The ratio ranged from a low of 5.17 in Q4 2022 and Q2 2022 to a high of 6.29 in Q3 2023.
The overall trend indicates that there have been variations in how many times the company is collecting its accounts receivable during the year. A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more quickly, which is generally a positive sign as it indicates efficient management of credit sales and cash flow.
However, the fluctuations in the ratio could indicate potential challenges in collecting receivables consistently. It is essential for the company to monitor this ratio closely to ensure timely collections and maintain a healthy cash flow position. Further analysis of the company's receivables management policies and practices may provide insights into the reasons behind the fluctuations and help in developing strategies to improve receivables turnover in the future.
Peer comparison
Dec 31, 2023