Quanex Building Products (NX)
Receivables turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,277,860 | 1,130,580 | 1,221,500 | 1,072,150 | 851,573 |
| Receivables | US$ in thousands | 389,670 | 195,182 | 191,869 | 216,034 | 176,574 |
| Receivables turnover | 3.28 | 5.79 | 6.37 | 4.96 | 4.82 |
October 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,277,860K ÷ $389,670K
= 3.28
The receivables turnover ratio for Quanex Building Products has fluctuated over the past five years, indicating variations in the company's ability to collect outstanding receivables. The ratio was lowest in 2024 at 3.28, representing a decrease in efficiency compared to the previous year. In 2023, the ratio was at its highest point of 5.79, showcasing a strong ability to convert receivables into cash. The company also performed well in 2022 and 2021, with ratios of 6.37 and 4.96 respectively, highlighting efficient collection practices. In 2020, the ratio was 4.82, indicating a slight decrease in receivables turnover efficiency compared to the two preceding years. Overall, the receivables turnover ratio for Quanex Building Products has shown some variability, suggesting potential changes in credit policies, customer payment behavior, or other operational factors impacting the collection of receivables.
Peer comparison
Oct 31, 2024