Nordson Corporation (NDSN)
Receivables turnover
| 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 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,581,455 | 2,569,649 | 2,554,567 | 2,574,370 | 2,564,160 | 2,567,546 | 2,483,661 | 2,467,989 | 2,420,346 | 2,336,296 | 2,300,916 | 2,191,064 | 2,129,850 | 2,095,644 | 2,122,570 | 2,139,949 | 2,157,511 | 2,156,514 | 2,140,358 | 2,173,355 |
| Receivables | US$ in thousands | 537,702 | 590,886 | 533,793 | 527,851 | 546,649 | 537,313 | 530,761 | 499,535 | 465,721 | 489,389 | 516,685 | 470,622 | 455,376 | 471,873 | 498,283 | 474,913 | 471,626 | 530,765 | 499,981 | 489,745 |
| Receivables turnover | 4.80 | 4.35 | 4.79 | 4.88 | 4.69 | 4.78 | 4.68 | 4.94 | 5.20 | 4.77 | 4.45 | 4.66 | 4.68 | 4.44 | 4.26 | 4.51 | 4.57 | 4.06 | 4.28 | 4.44 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,581,455K ÷ $537,702K
= 4.80
The receivables turnover ratio of Nordson Corp. has fluctuated over the past eight quarters, with values ranging from 4.45 to 4.99. The average receivables turnover ratio over this period is approximately 4.81.
The trend indicates that, on average, Nordson Corp. collects its accounts receivable approximately 4.81 times per year. A higher ratio suggests that the company is collecting its receivables more quickly, which can be indicative of efficient credit and collection policies. On the other hand, a lower ratio may signal potential issues with collection efforts or an increase in credit sales.
Although there have been fluctuations in the receivables turnover ratio, with values both above and below the average, the variations do not show a clear and consistent trend. It would be beneficial to delve deeper into the company's specific circumstances and industry norms to gain a more comprehensive understanding of Nordson Corp.'s receivables management efficiency.
Peer comparison
Jan 31, 2024