Triumph Group Inc (TGI)
Receivables turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,192,043 | 1,158,914 | 1,135,621 | 1,158,543 | 1,244,104 | 1,305,297 | 1,362,884 | 1,412,680 | 1,459,942 | 1,540,124 | 1,646,869 | 1,771,288 | 1,869,719 | 2,095,996 | 2,374,668 | 2,664,963 | 2,900,117 | 3,076,034 | 3,179,263 | 3,262,261 |
| Receivables | US$ in thousands | 138,272 | 127,494 | 164,928 | 158,637 | 156,116 | 179,371 | 177,286 | 168,104 | 178,663 | 158,871 | 175,267 | 190,185 | 194,066 | 167,694 | 233,802 | 256,848 | 359,487 | 300,730 | 342,306 | 331,509 |
| Receivables turnover | 8.62 | 9.09 | 6.89 | 7.30 | 7.97 | 7.28 | 7.69 | 8.40 | 8.17 | 9.69 | 9.40 | 9.31 | 9.63 | 12.50 | 10.16 | 10.38 | 8.07 | 10.23 | 9.29 | 9.84 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,192,043K ÷ $138,272K
= 8.62
The receivables turnover ratio of Triumph Group Inc has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period.
For the most recent quarter ending March 31, 2024, the receivables turnover ratio was 8.62, which means the company collected its outstanding receivables approximately 8.62 times during that period. This represents a slight decrease compared to the previous quarter's ratio of 9.09.
Looking at the trend over the past few quarters, we observe a mix of increases and decreases in the receivables turnover ratio. The ratio peaked at 12.50 during the quarter ending December 31, 2020, and has since fluctuated within a range of 6.89 to 9.69.
Overall, a higher receivables turnover ratio is generally preferred as it indicates that the company is collecting its outstanding receivables more frequently. However, it is essential to consider industry benchmarks and company-specific factors when interpreting this ratio. Triumph Group Inc may benefit from further analysis to understand the reasons behind the fluctuations and potentially improve its accounts receivable collection efficiency.
Peer comparison
Mar 31, 2024