Thor Industries Inc (THO)
Receivables turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,053,000 | 11,027,500 | 16,228,900 | 12,221,900 | 8,056,620 |
| Receivables | US$ in thousands | 502,301 | 543,865 | 848,814 | 796,489 | 588,069 |
| Receivables turnover | 20.01 | 20.28 | 19.12 | 15.34 | 13.70 |
July 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,053,000K ÷ $502,301K
= 20.01
Thor Industries Inc's receivables turnover has shown a consistently increasing trend over the past five years, reflecting the company's efficiency in collecting payments from customers. The receivables turnover ratio measures how many times a company collects its average accounts receivable balance during a period, indicating the effectiveness of the company in managing its credit policies and accounts receivable.
The company's receivables turnover ratio has increased from 13.70 in July 2020 to 20.01 in July 2024, indicating that Thor Industries Inc has been able to collect payments from customers more frequently and efficiently over this period. This improvement suggests that the company has been successful in managing its credit policies, streamlining its collection processes, and maintaining good relationships with customers.
A high receivables turnover ratio generally indicates that the company has strong liquidity and efficient working capital management. However, it is important to consider industry benchmarks and trends to provide a more comprehensive analysis of Thor Industries Inc's performance in comparison to its peers.
Peer comparison
Jul 31, 2024