Lindsay Corporation (LNN)
Receivables turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 607,074 | 619,207 | 644,561 | 659,283 | 674,084 | 697,149 | 746,855 | 780,751 | 770,744 | 734,196 | 681,873 | 625,313 | 567,646 | 542,403 | 503,573 | 473,784 | 474,692 | 448,172 | 446,120 | 441,514 |
| Receivables | US$ in thousands | 116,601 | 134,461 | 153,624 | 143,049 | 144,774 | 154,167 | 167,007 | 157,116 | 138,200 | 155,518 | 134,694 | 111,959 | 93,609 | 107,713 | 94,211 | 74,909 | 84,604 | 84,931 | 80,468 | 79,317 |
| Receivables turnover | 5.21 | 4.61 | 4.20 | 4.61 | 4.66 | 4.52 | 4.47 | 4.97 | 5.58 | 4.72 | 5.06 | 5.59 | 6.06 | 5.04 | 5.35 | 6.32 | 5.61 | 5.28 | 5.54 | 5.57 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $607,074K ÷ $116,601K
= 5.21
The receivables turnover of Lindsay Corporation has shown fluctuations over the past few years. The receivables turnover ratio measures the effectiveness of the company in collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.
From the data provided, we can see that the receivables turnover ratio has ranged from 4.20 to 6.32 over the past several quarters, with an average ratio of approximately 5.11. The company's ability to convert its accounts receivable into cash has varied, with some quarters showing higher turnover rates than others.
It is important to note that a higher receivables turnover ratio may indicate more efficient credit policies or prompt collections from customers, while a lower ratio could suggest potential issues with collecting payments from customers in a timely manner. Examining the trend in the receivables turnover ratio can provide insights into the company's overall financial health and management of its accounts receivable.
Peer comparison
Aug 31, 2024