Standex International Corporation (SXI)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 718,614 | 725,709 | 793,464 | 802,306 | 797,947 | 794,463 | 737,484 | 735,444 | 729,921 | 721,675 | 689,907 | 660,406 | 636,318 | 603,067 | 633,831 | 669,734 | 716,376 | 783,267 | 813,001 | 841,914 |
| Receivables | US$ in thousands | 121,365 | 123,118 | 129,411 | 128,108 | 124,271 | 124,364 | 122,845 | 120,365 | 123,605 | 131,012 | 119,132 | 117,708 | 122,633 | 119,239 | 106,866 | 110,833 | 106,351 | 106,563 | 115,319 | 115,482 |
| Receivables turnover | 5.92 | 5.89 | 6.13 | 6.26 | 6.42 | 6.39 | 6.00 | 6.11 | 5.91 | 5.51 | 5.79 | 5.61 | 5.19 | 5.06 | 5.93 | 6.04 | 6.74 | 7.35 | 7.05 | 7.29 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $718,614K ÷ $121,365K
= 5.92
The receivables turnover ratio of Standex International Corporation has shown some fluctuations over the past several quarters. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period.
On average, the company's receivables turnover ratio has ranged from a low of 5.06 to a high of 7.35 over the past eight quarters. A higher turnover ratio indicates that Standex International is collecting its outstanding receivables more frequently within a year.
The ratio peaked at 7.35 in the first quarter of 2020, suggesting that the company was effectively converting its credit sales into cash during that period. However, there was a noticeable decline in the ratio in subsequent quarters before stabilizing around 6.00 in the more recent periods.
Overall, the trend in the receivables turnover ratio indicates that Standex International Corporation may have experienced challenges in managing its accounts receivable efficiently in some quarters but has shown some improvement in recent periods. Monitoring this ratio can provide insights into the company's liquidity and effectiveness in collecting outstanding receivables.
Peer comparison
Jun 30, 2024