Quanex Building Products (NX)
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 | 1,275,900 | 1,085,708 | 1,102,973 | 1,109,013 | 1,130,825 | 1,136,294 | 1,162,759 | 1,214,361 | 1,221,502 | 1,205,738 | 1,161,578 | 1,109,042 | 1,072,149 | 1,035,786 | 968,005 | 885,123 | 851,573 | 836,537 | 862,902 | 893,630 |
| Receivables | US$ in thousands | 389,670 | 87,554 | 87,078 | 80,063 | 195,182 | 96,204 | 94,038 | 84,672 | 191,869 | 109,467 | 118,195 | 99,355 | 216,034 | 98,286 | 96,521 | 82,538 | 176,574 | 84,479 | 66,892 | 64,036 |
| Receivables turnover | 3.27 | 12.40 | 12.67 | 13.85 | 5.79 | 11.81 | 12.36 | 14.34 | 6.37 | 11.01 | 9.83 | 11.16 | 4.96 | 10.54 | 10.03 | 10.72 | 4.82 | 9.90 | 12.90 | 13.96 |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,275,900K ÷ $389,670K
= 3.27
The receivables turnover of Quanex Building Products has varied over the past 20 reporting periods. The turnover ratio indicates the efficiency with which the company collects outstanding receivables from its customers within a given period.
The data shows that the receivables turnover ratio has fluctuated between 3.27 and 14.34 over the observed periods. A higher turnover ratio generally indicates a more efficient collection process, as the company is collecting receivables more quickly. Conversely, a lower turnover ratio may suggest potential issues with collecting outstanding payments promptly.
It is noteworthy that there are significant fluctuations in the receivables turnover ratio throughout the periods, with some periods showing much higher turnover ratios compared to others. This may indicate variations in the company's credit policies, customer payment behaviors, or possibly changes in the industry or economic conditions.
Overall, a thorough analysis of the receivables turnover in conjunction with other financial metrics and qualitative factors would provide a more comprehensive understanding of Quanex Building Products' performance in managing its accounts receivable effectively.
Peer comparison
Oct 31, 2024