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 | 1,379,130 | 1,459,940 | 1,869,720 | 2,900,120 |
| Receivables | US$ in thousands | 212,561 | 299,802 | 280,491 | 328,704 | 603,904 |
| Receivables turnover | 5.61 | 4.60 | 5.20 | 5.69 | 4.80 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,192,040K ÷ $212,561K
= 5.61
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