RPM International Inc (RPM)
Receivables turnover
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,210,630 | 7,210,030 | 7,225,690 | 7,227,590 | 7,153,220 | 7,135,330 | 7,037,070 | 6,891,810 | 6,615,470 | 6,379,750 | 6,216,330 | 6,062,430 | 6,018,050 | 5,756,940 | 5,658,510 | 5,568,830 | 5,428,360 | 5,570,800 | 5,534,900 | 5,496,300 |
| Receivables | US$ in thousands | 1,419,440 | 1,072,030 | 1,233,340 | 1,418,890 | 1,503,040 | 1,203,210 | 1,340,130 | 1,407,870 | 1,432,630 | 1,085,400 | 1,173,490 | 1,171,910 | 1,280,810 | 998,783 | 1,081,840 | 1,159,130 | 1,137,960 | 948,351 | 1,047,810 | 1,109,260 |
| Receivables turnover | 5.08 | 6.73 | 5.86 | 5.09 | 4.76 | 5.93 | 5.25 | 4.90 | 4.62 | 5.88 | 5.30 | 5.17 | 4.70 | 5.76 | 5.23 | 4.80 | 4.77 | 5.87 | 5.28 | 4.95 |
May 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,210,630K ÷ $1,419,440K
= 5.08
The receivables turnover ratio for RPM International Inc has fluctuated over the past few years, ranging from a low of 4.62 to a high of 6.73. This ratio measures how efficiently the company collects payments from its customers. A higher turnover ratio indicates that the company is able to collect payments more quickly, which is generally seen as a positive sign.
On average, the company has maintained a healthy receivables turnover ratio, with an average of around 5.30. This suggests that RPM International Inc is managing its accounts receivable effectively and is able to convert its credit sales into cash in a timely manner.
Overall, the trend in the receivables turnover ratio for RPM International Inc appears relatively stable, with some fluctuations seen over time. It is important for the company to continue monitoring this ratio to ensure efficient management of its accounts receivable and maintain its financial health.
Peer comparison
May 31, 2024