Nordson Corporation (NDSN)
Receivables turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,647,909 | 2,596,752 | 2,571,736 | 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 |
| Receivables | US$ in thousands | 594,663 | 538,541 | 530,283 | 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 |
| Receivables turnover | 4.45 | 4.82 | 4.85 | 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 |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,647,909K ÷ $594,663K
= 4.45
Nordson Corporation's receivables turnover ratio has shown slight fluctuations over the past few quarters, ranging from 4.26 to 5.20. The receivables turnover measures how efficiently the company is collecting outstanding customer payments during a specific period. A higher turnover ratio generally indicates that the company is collecting receivables more quickly.
Based on the data provided, Nordson's receivables turnover has been relatively stable, with the ratio consistently above 4. This signifies that, on average, Nordson collects its accounts receivable approximately 4 to 5 times per year. A consistent or increasing trend in receivables turnover is generally positive, as it demonstrates effective management of accounts receivable and liquidity.
It is important to note that the interpretation of the receivables turnover ratio should be considered alongside other financial metrics and industry benchmarks to gain a comprehensive understanding of Nordson Corporation's performance in managing its receivables efficiently.
Peer comparison
Oct 31, 2024