Standex International Corporation (SXI)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 720,909 | 797,947 | 729,921 | 636,329 | 604,535 |
| Receivables | US$ in thousands | 121,365 | 124,271 | 123,605 | 122,633 | 106,351 |
| Receivables turnover | 5.94 | 6.42 | 5.91 | 5.19 | 5.68 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $720,909K ÷ $121,365K
= 5.94
Standex International Corporation's receivables turnover ratio has shown some fluctuations over the past five years. The ratio indicates how efficiently the company is collecting payments from its customers. A higher turnover ratio suggests that the company is collecting receivables more quickly.
In this case, the receivables turnover ratio has generally remained within a relatively consistent range, with a slight decrease in 2024 compared to the previous year. This could imply that Standex International Corporation took slightly longer to collect payments from customers in 2024.
Overall, the company has maintained a receivables turnover ratio above 5 in the past five years, indicating that it has been effective in managing its receivables and collecting payments in a timely manner. However, further analysis would be needed to understand the specific reasons behind the fluctuations in the ratio and whether any action is required to improve receivables management efficiency.
Peer comparison
Jun 30, 2024