Matthews International Corporation (MATW)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,795,740 | 1,880,900 | 1,762,400 | 1,671,030 | 1,498,310 |
| Receivables | US$ in thousands | 205,984 | 207,526 | 221,015 | 309,818 | 295,185 |
| Receivables turnover | 8.72 | 9.06 | 7.97 | 5.39 | 5.08 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,795,740K ÷ $205,984K
= 8.72
The receivables turnover ratio for Matthews International Corporation has shown a fluctuating trend over the past five years.
In 2024, the receivables turnover ratio was 8.72, indicating that the company collected its accounts receivable approximately 8.72 times during the year. This suggests an improvement compared to the previous year, where the ratio was 9.06.
Looking back to 2022 and 2023, the company also had reasonable turnover ratios of 7.97 and 5.39, respectively. In contrast, there was a noticeable increase compared to the figures for 2021 and 2020, where the ratios were 5.39 and 5.08, respectively.
Overall, the fluctuation in the receivables turnover ratio may indicate changes in the company's credit policies, efficiency in collecting outstanding payments from customers, or variations in sales volume. It is essential for Matthews International Corporation to monitor and manage its accounts receivable effectively to ensure optimal cash flow and financial stability.