Korn Ferry (KFY)
Receivables turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,799,650 | 2,867,070 | 2,644,490 | 1,820,490 | 1,977,630 |
| Receivables | US$ in thousands | 541,014 | 569,601 | 590,260 | 448,733 | 397,165 |
| Receivables turnover | 5.17 | 5.03 | 4.48 | 4.06 | 4.98 |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,799,650K ÷ $541,014K
= 5.17
The receivables turnover ratio for Korn Ferry has shown a general increasing trend over the past five years, indicating that the company has been able to convert its accounts receivable into cash more efficiently each year. The ratio increased from 4.98 in 2020 to 5.17 in 2024, reaching its highest point during this period. This improvement suggests that Korn Ferry has been successful in managing its accounts receivable effectively and collecting payments from customers in a timely manner. A higher receivables turnover ratio typically reflects a more efficient credit and collection process, which can lead to improved cash flow and liquidity for the company.
Peer comparison
Apr 30, 2024