Korn Ferry (KFY)
Receivables turnover
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,799,652 | 2,837,862 | 2,847,763 | 2,870,730 | 2,867,066 | 2,855,195 | 2,852,598 | 2,759,792 | 2,644,490 | 2,474,696 | 2,267,513 | 2,061,862 | 1,820,489 | 1,711,990 | 1,762,111 | 1,828,348 | 1,977,628 | 2,031,096 | 1,989,110 | 1,991,712 |
| Receivables | US$ in thousands | 541,014 | 589,717 | 592,208 | 592,333 | 569,601 | 628,693 | 670,408 | 637,061 | 590,260 | 603,346 | 608,141 | 512,921 | 448,733 | 448,448 | 435,393 | 375,157 | 397,165 | 472,261 | 458,263 | 432,758 |
| Receivables turnover | 5.17 | 4.81 | 4.81 | 4.85 | 5.03 | 4.54 | 4.26 | 4.33 | 4.48 | 4.10 | 3.73 | 4.02 | 4.06 | 3.82 | 4.05 | 4.87 | 4.98 | 4.30 | 4.34 | 4.60 |
April 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,799,652K ÷ $541,014K
= 5.17
The receivables turnover ratio for Korn Ferry has fluctuated over the periods examined. The ratio indicates the number of times in a year the company collects its accounts receivable balance on average.
From April 2020 to April 2024, Korn Ferry's receivables turnover ratio ranged from 3.73 to 5.17, showing variability in how quickly the company collects its outstanding receivables. A higher receivables turnover ratio generally indicates more efficient management of accounts receivable and faster collection of cash from customers.
The highest receivables turnover ratio of 5.17 was observed in April 2024, suggesting Korn Ferry's ability to collect outstanding receivables improved significantly during that period. Conversely, the lowest ratio of 3.73 in October 2021 indicates a relatively slower collection of receivables.
Overall, fluctuations in the receivables turnover ratio may be influenced by various factors, such as changes in credit policies, customer payment behaviors, and the company's collection efforts. It is essential for Korn Ferry to monitor and strive for a balance between efficient receivables management and maintaining good customer relationships to ensure a healthy cash flow cycle.
Peer comparison
Apr 30, 2024