Thor Industries Inc (THO)
Receivables turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,050,200 | 10,164,480 | 10,287,660 | 10,422,340 | 11,027,250 | 12,116,190 | 13,848,390 | 15,377,810 | 16,229,070 | 15,994,200 | 14,792,000 | 13,645,200 | 12,221,680 | 10,945,860 | 9,168,270 | 8,440,550 | 8,057,530 | 8,041,050 | 8,857,250 | 8,171,070 |
| Receivables | US$ in thousands | 502,301 | 642,571 | 534,402 | 548,800 | 543,865 | 731,753 | 572,301 | 749,630 | 848,814 | 1,166,320 | 1,080,450 | 1,095,970 | 796,489 | 769,826 | 724,026 | 653,805 | 588,069 | 248,458 | 581,809 | 556,176 |
| Receivables turnover | 20.01 | 15.82 | 19.25 | 18.99 | 20.28 | 16.56 | 24.20 | 20.51 | 19.12 | 13.71 | 13.69 | 12.45 | 15.34 | 14.22 | 12.66 | 12.91 | 13.70 | 32.36 | 15.22 | 14.69 |
July 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,050,200K ÷ $502,301K
= 20.01
The receivables turnover ratio for Thor Industries Inc has shown fluctuations over time, ranging from a low of 12.45 to a high of 32.36. The ratio indicates how many times a company's receivables are collected and replaced during a specific period, reflecting the efficiency of its credit and collection policies.
A high receivables turnover ratio suggests that the company is efficient in collecting payments from customers, which is beneficial for cash flow management. On the other hand, a low ratio may indicate issues with collecting receivables promptly, potentially leading to liquidity challenges.
Overall, Thor Industries Inc's receivables turnover has generally shown a positive trend in recent periods, with occasional fluctuations. Further analysis of the company's accounts receivable management practices and its industry benchmarking could provide deeper insights into its financial performance and efficiency in collecting receivables.
Peer comparison
Jul 31, 2024