Phibro Animal Health Corporation (PAHC)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 993,816 | 960,113 | 935,602 | 833,350 | 800,354 |
| Receivables | US$ in thousands | 169,452 | 163,479 | 166,537 | 146,852 | 126,522 |
| Receivables turnover | 5.86 | 5.87 | 5.62 | 5.67 | 6.33 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $993,816K ÷ $169,452K
= 5.86
The receivables turnover ratio for Phibro Animal Health Corporation has shown a relatively stable trend over the past five years. The ratio has ranged from 5.62 to 6.33 during this period, indicating that the company collects its accounts receivable approximately 5.62 to 6.33 times a year on average.
A high and consistent receivables turnover ratio like this suggests that Phibro Animal Health Corporation efficiently manages its accounts receivable by collecting payments from customers quickly. This can be a positive sign of effective credit granting policies and prompt collection efforts.
Overall, the stable and relatively high receivables turnover ratio of Phibro Animal Health Corporation reflects positively on the company's ability to efficiently convert its credit sales into cash. This could indicate strong liquidity and effective working capital management within the organization.
Peer comparison
Jun 30, 2024