Triumph Group Inc (TGI)

Receivables turnover

Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Revenue US$ in thousands 1,192,040 1,130,560 1,459,940 1,869,720 2,900,120
Receivables US$ in thousands 138,272 156,116 178,663 194,066 359,487
Receivables turnover 8.62 7.24 8.17 9.63 8.07

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,192,040K ÷ $138,272K
= 8.62

The receivables turnover for Triumph Group Inc has experienced some fluctuations over the past five years. The ratio indicates how efficiently the company is able to collect payments from its customers.

In the most recent year, ending March 31, 2024, Triumph Group Inc had a receivables turnover of 8.62 times. This represents an improvement compared to the previous year's turnover of 7.24 times. However, it is slightly lower than the turnover in the fiscal year ending March 31, 2021, which stood at 9.63 times.

Overall, the receivables turnover ratio for Triumph Group Inc has been relatively stable, hovering between 7.24 and 9.63 times over the past five years. This consistency suggests that the company has been effective in managing its accounts receivable and collecting payments from customers in a timely manner.

However, it is important to consider industry benchmarks and compare the company's performance with its competitors to gain a better understanding of the efficiency of Triumph Group Inc's receivables management.


Peer comparison

Mar 31, 2024

Company name
Symbol
Receivables turnover
Triumph Group Inc
TGI
8.62
AAR Corp
AIR
7.91
Textron Inc
TXT