Parker-Hannifin Corporation (PH)

Receivables turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	19,954,000	19,312,100	19,271,150	19,107,110	18,836,130	18,077,990	17,191,440	16,426,780	15,687,760	15,400,500	15,059,880	14,645,580	14,118,560	13,381,960	13,273,130	13,339,290	13,425,410	13,946,280	14,011,920	14,021,370
Receivables	US$ in thousands	217,315	201,880	185,389	164,838	174,879	204,318	209,597	243,604	180,199	189,041	158,980	175,157	169,796	155,501	141,065	130,179	135,856	2,379,890	2,150,830	2,150,010
Receivables turnover		91.82	95.66	103.95	115.91	107.71	88.48	82.02	67.43	87.06	81.47	94.73	83.61	83.15	86.06	94.09	102.47	98.82	5.86	6.51	6.52

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,954,000K ÷ $217,315K
= 91.82

The receivables turnover ratio for Parker-Hannifin Corporation has fluctuated over the past several quarters. The ratio measures how efficiently the company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.

In the most recent quarter, the receivables turnover was 91.82, showing a decrease compared to the previous quarter's ratio of 95.66. Despite the slight decline, the company's collection of receivables remains relatively efficient.

Looking at the trend over the past few quarters, there have been fluctuations in the receivables turnover ratio, with some quarters showing higher ratios (e.g., 115.91) and others lower ratios (e.g., 67.43). These fluctuations may be influenced by various factors such as changes in credit policies, customer payment behavior, or overall economic conditions.

Overall, it's important for Parker-Hannifin Corporation to monitor and manage its receivables turnover to ensure efficient cash flow management. Analyses of receivables turnover ratios can provide insights into the company's credit and collection policies and its ability to convert credit sales into cash.