Parker-Hannifin Corporation (PH)

Receivables turnover

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Revenue (ttm)	US$ in thousands	19,849,920	19,793,740	19,907,750	19,986,110	19,929,620	19,838,740	19,826,040	19,679,900	19,065,190	18,157,080	17,181,810	16,331,580	15,861,610	15,632,650	15,292,590	14,879,910	14,347,640	13,549,370	13,505,470	13,591,540
Receivables	US$ in thousands	3,228,000	3,134,620	2,750,670	3,030,040	3,196,980	3,223,710	3,053,830	3,146,570	3,260,170	3,347,950	3,065,220	3,118,490	2,885,260	2,709,560	2,356,850	2,135,580	2,544,100	2,463,620	2,161,720	2,165,480
Receivables turnover		6.15	6.31	7.24	6.60	6.23	6.15	6.49	6.25	5.85	5.42	5.61	5.24	5.50	5.77	6.49	6.97	5.64	5.50	6.25	6.28

June 30, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,849,920K ÷ $3,228,000K
= 6.15

The receivables turnover ratio for Parker-Hannifin Corporation has demonstrated variability over the period from September 2020 through June 2025. Starting at 6.28 times as of September 30, 2020, the ratio experienced a slight decline in the subsequent quarter, reaching 6.25 at the end of December 2020. During the first quarter of 2021, the ratio further decreased to 5.50, indicating a slowdown in the efficiency of collection efforts.

In the latter months of 2021, the receivables turnover showed an improvement, rising to 6.97 as of September 2021. The ratio then declined again to 6.49 by December 2021 and continued to fluctuate in the following quarters, reaching lows around 5.24 in September 2022. Subsequently, the ratio recovered somewhat, reaching 5.61 in December 2022 and maintaining a relatively stable pattern in the first half of 2023, with values around 5.42 and 5.85 respectively.

From mid-2023 onward, there is a noticeable upward trend. The ratio increased to 6.25 in September 2023 and continued rising, reaching 6.49 in December 2023. This upward momentum persisted into the first quarter of 2024 with a ratio of 6.15, then slightly increased to 6.23 in June 2024. The most recent data indicates further improvement, with the ratio ascending to 6.60 as of September 2024, and then to 7.24 in December 2024. In the early months of 2025, the ratio slightly declined to 6.31 in March and to 6.15 in June.

Overall, the receivables turnover ratio has exhibited cyclical patterns, with periods of decline and recovery. The upward trend observed from late 2023 into 2024 suggests enhanced efficiency in accounts receivable collection in recent periods, culminating in the peak of 7.24 at the end of 2024. The fluctuations indicate possible seasonal influences, strategic adjustments, or shifts in credit policies that have impacted collection effectiveness over time.