Kratos Defense & Security Solutions (KTOS)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,161,700 | 1,136,300 | 1,127,000 | 1,125,700 | 1,082,500 | 1,037,100 | 1,012,600 | 966,600 | 933,900 | 898,300 | 860,600 | 832,600 | 813,500 | 811,500 | 806,300 | 807,700 | 773,000 | 747,700 | 726,400 | 708,500 |
| Receivables | US$ in thousands | 362,500 | 323,800 | 319,100 | 338,400 | 325,800 | 329,200 | 351,900 | 337,700 | 353,800 | 328,300 | 302,200 | 315,000 | 280,700 | 284,700 | 274,700 | 265,000 | 264,600 | 272,300 | 276,600 | 246,200 |
| Receivables turnover | 3.20 | 3.51 | 3.53 | 3.33 | 3.32 | 3.15 | 2.88 | 2.86 | 2.64 | 2.74 | 2.85 | 2.64 | 2.90 | 2.85 | 2.94 | 3.05 | 2.92 | 2.75 | 2.63 | 2.88 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,161,700K ÷ $362,500K
= 3.20
The receivables turnover ratio for Kratos Defense & Security Solutions exhibits notable fluctuations over the analyzed period. Starting at 2.88 times as of June 30, 2020, the ratio generally trended upward, reaching a peak of 3.53 times on September 30, 2024. This indicates an increasing efficiency in the collection of accounts receivable, implying that the company is collecting its receivables more rapidly relative to its average accounts receivable over time.
Between June 2020 and September 2021, the ratio experienced modest growth, reaching approximately 2.94, reflecting a gradual improvement in receivables management. The ratio maintained a relatively stable pattern through 2022, with minor fluctuations, and a slight decline to 2.64 by June 2022. Subsequently, the ratio improved again, reaching 2.86 by June 2023 and exceeding 3.0 by March 2024.
The upward trajectory accelerated from 2023 onwards, culminating in the highest recorded ratio of 3.53 as of September 2024. The recent data indicates a peak and suggests an ongoing enhancement in receivables collection efficiency. Overall, the trend demonstrates a positive movement towards tighter accounts receivable management, potentially reflecting improved credit policies, stronger collection efforts, or a shift in customer payment behaviors.
Peer comparison
Mar 31, 2025