ePlus inc (PLUS)
Receivables turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,753,955 | 1,752,045 | 2,191,665 | 2,222,602 | 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 |
| Receivables | US$ in thousands | 805,213 | 800,457 | 741,125 | 794,100 | 757,762 | 859,575 | 837,736 | 649,459 | 851,347 | 634,464 | 604,917 | 540,545 | 659,630 | 594,736 | 562,485 | 538,892 | 621,432 | 502,635 | 542,240 | 481,737 |
| Receivables turnover | 2.18 | 2.19 | 2.96 | 2.80 | 2.85 | 2.65 | 2.61 | 3.18 | 2.38 | 2.99 | 3.08 | 3.37 | 2.61 | 2.78 | 2.90 | 2.91 | 2.55 | 3.15 | 2.88 | 3.30 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,753,955K ÷ $805,213K
= 2.18
The receivables turnover ratio measures how efficiently a company is able to collect outstanding receivables from its customers. A higher receivables turnover ratio indicates that a company is more effectively managing its accounts receivable.
Based on the data provided for ePlus inc, we can see fluctuations in the receivables turnover ratio over the periods. The receivables turnover ratio ranged from a low of 2.18 at December 31, 2024, to a high of 3.37 at March 31, 2022.
Overall, there seems to be variability in how quickly ePlus inc is collecting its accounts receivable from its customers. It is important to analyze the trend of the receivables turnover ratio over time to assess the effectiveness of ePlus inc's accounts receivable management. Further investigation may be needed to understand the reasons behind the fluctuations in the receivables turnover ratio and to determine if there are any areas for improvement in the company's accounts receivable processes.
Peer comparison
Dec 31, 2024