ePlus inc (PLUS)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,068,790 | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 |
| Receivables | US$ in thousands | 507,241 | 794,100 | 649,459 | 540,545 | 538,892 |
| Receivables turnover | 4.08 | 2.80 | 3.18 | 3.37 | 2.91 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,068,790K ÷ $507,241K
= 4.08
The receivables turnover ratio for ePlus inc has shown fluctuations over the past five years.
- In March 2021, the receivables turnover was 2.91, indicating that the company collected its accounts receivable almost three times during the year.
- The ratio improved in the following year, reaching 3.37 by March 2022, suggesting that the company was able to collect its receivables more efficiently.
- However, in March 2023, the receivables turnover slightly decreased to 3.18, indicating a slight slowdown in collection activities.
- By March 2024, the receivables turnover ratio dropped to 2.80, which may signal challenges in collecting accounts receivable effectively.
- The most recent data for March 2025 shows a notable improvement with a receivables turnover of 4.08, suggesting that the company has enhanced its receivables collection efficiency significantly.
Overall, fluctuations in the receivables turnover ratio indicate changes in the company's ability to collect outstanding receivables promptly. The trend shows an improvement in collection efficiency in recent years, which is a positive signal for ePlus inc's financial health. It is essential for the company to continue monitoring and managing its receivables effectively to ensure strong cash flow and liquidity.
Peer comparison
Mar 31, 2025