Kennametal Inc (KMT)
Receivables turnover
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,046,898 | 2,053,825 | 2,074,067 | 2,075,868 | 2,078,184 | 2,057,964 | 2,034,187 | 2,023,739 | 2,012,456 | 1,998,412 | 1,970,811 | 1,924,645 | 1,841,441 | 1,704,523 | 1,702,949 | 1,767,522 | 1,885,305 | 2,110,201 | 2,224,321 | 2,306,635 |
| Receivables | US$ in thousands | 302,810 | 303,456 | 290,547 | 288,655 | 307,313 | 313,866 | 291,016 | 278,716 | 295,346 | 311,635 | 272,592 | 279,726 | 302,945 | 303,210 | 275,151 | 249,992 | 237,983 | 304,162 | 310,379 | 327,628 |
| Receivables turnover | 6.76 | 6.77 | 7.14 | 7.19 | 6.76 | 6.56 | 6.99 | 7.26 | 6.81 | 6.41 | 7.23 | 6.88 | 6.08 | 5.62 | 6.19 | 7.07 | 7.92 | 6.94 | 7.17 | 7.04 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,046,898K ÷ $302,810K
= 6.76
The receivables turnover ratio for Kennametal Inc has shown some fluctuations over the past quarters. It indicates the company's ability to efficiently collect payments from its customers.
The ratio has ranged from 5.62 to 7.26 over the past eight quarters. A higher receivables turnover ratio suggests that the company is efficiently managing its accounts receivables and collecting payments quickly.
The average receivables turnover ratio over the past eight quarters is approximately 6.94, indicating that on average, the company collects payments from its customers about 6.94 times in a year. This suggests a moderate efficiency in collecting payments from customers.
It is important for Kennametal Inc to monitor this ratio over time and strive to maintain a consistent and healthy level of receivables turnover to ensure a steady cash flow and strong financial health.