Standex International Corporation (SXI)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 790,107 | 720,635 | 741,048 | 735,339 | 656,232 |
| Receivables | US$ in thousands | 172,702 | 166,758 | 155,409 | 141,754 | 124,896 |
| Receivables turnover | 4.57 | 4.32 | 4.77 | 5.19 | 5.25 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $790,107K ÷ $172,702K
= 4.57
The receivables turnover ratio for Standex International Corporation demonstrates a consistent decline from June 30, 2021, through June 30, 2024, followed by a slight increase in 2025. Specifically, the ratio decreased from 5.25 times in 2021 to 5.19 in 2022, a marginal reduction indicating a marginal extension in the average collection period. Continued declines to 4.77 in 2023 and further to 4.32 in 2024 suggest a trend toward lengthening the time it takes to collect receivables, potentially reflecting loosening credit policies, increasing receivables, or challenges in collection efficiency. In 2025, the ratio slightly improved to 4.57, indicating a modest reduction in days outstanding outstanding receivables, which might result from improved collection efforts or adjustments in credit terms. Overall, the trend points to a gradual decrease in receivables turnover over this period, suggesting that the company is collecting its receivables less frequently than in previous years, which could impact cash flow and working capital management.
Peer comparison
Jun 30, 2025