Hawkins Inc (HWKN)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 974,431 | 919,162 | 935,098 | 774,541 | 596,871 |
| Receivables | US$ in thousands | 131,795 | 114,477 | 129,252 | 122,826 | 90,603 |
| Receivables turnover | 7.39 | 8.03 | 7.23 | 6.31 | 6.59 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $974,431K ÷ $131,795K
= 7.39
The receivables turnover for Hawkins Inc has shown a fluctuating pattern over the past five years. It stood at 6.59 times in March 31, 2021, and slightly decreased to 6.31 times by March 31, 2022. However, there was a significant increase to 7.23 times by March 31, 2023, indicating an improvement in the company's ability to collect payments from customers. This trend continued with a further increase to 8.03 times by March 31, 2024, suggesting more efficient management of receivables. Despite a slight decrease to 7.39 times by March 31, 2025, the receivables turnover ratio remains at a relatively healthy level, showing the company's effectiveness in converting receivables into cash. Overall, the upward trend in recent years is a positive indicator of Hawkins Inc's efficiency in managing its accounts receivable.
Peer comparison
Mar 31, 2025