ePlus inc (PLUS)
Receivables turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,225,302 | 2,163,018 | 2,277,439 | 2,183,534 | 2,067,718 | 2,027,060 | 1,898,418 | 1,862,729 | 1,821,019 | 1,722,107 | 1,654,877 | 1,629,941 | 1,568,323 | 1,582,192 | 1,583,579 | 1,562,063 | 1,588,404 | 1,547,362 | 1,464,035 | 1,397,513 |
| Receivables | US$ in thousands | 644,616 | 597,363 | 650,017 | 677,988 | 504,122 | 674,935 | 525,176 | 482,166 | 430,380 | 520,629 | 457,308 | 465,424 | 391,567 | 460,385 | 369,037 | 393,044 | 374,998 | 413,741 | 355,178 | 366,163 |
| Receivables turnover | 3.45 | 3.62 | 3.50 | 3.22 | 4.10 | 3.00 | 3.61 | 3.86 | 4.23 | 3.31 | 3.62 | 3.50 | 4.01 | 3.44 | 4.29 | 3.97 | 4.24 | 3.74 | 4.12 | 3.82 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,225,302K ÷ $644,616K
= 3.45
The receivables turnover ratio for ePlus inc has fluctuated over the past few quarters. A higher receivables turnover ratio indicates that the company is able to collect its accounts receivables more efficiently. In the most recent quarter, the receivables turnover ratio was 3.45, which represents a decrease from the previous quarter's ratio of 3.62. This may suggest that ePlus inc took a longer time to collect its accounts receivables in the most recent period.
Looking at the trend over the past few quarters, the receivables turnover ratio has exhibited some variability, ranging from a low of 3.00 to a high of 4.29. However, it is worth noting that the ratio has generally been above 3.00, which indicates that ePlus inc has been able to manage its accounts receivables effectively overall.
Further analysis could be conducted to understand the reasons behind the fluctuations in the receivables turnover ratio, such as changes in the company's credit policies, customer payment behavior, or sales volume. Monitoring this ratio over time can provide insights into the company's liquidity and efficiency in collecting receivables.
Peer comparison
Mar 31, 2024