Vestis Corporation (VSTS)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,800,900 | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Receivables | US$ in thousands | 177,271 | — | — | — | — |
| Receivables turnover | 15.80 | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,800,900K ÷ $177,271K
= 15.80
The receivables turnover for Vestis Corporation in the fiscal year ending September 30, 2024, is 15.80. This indicates that the company collected its accounts receivable 15.80 times during the year. A high receivables turnover ratio suggests that the company is efficient in collecting its outstanding receivables, which is a positive sign of effective credit management and liquidity control. However, without historical data for comparison, it is challenging to assess the trend or to determine if the current level is an improvement or decline from previous years. This ratio should be monitored over time to assess changes in the company's collection efficiency and overall financial health.
Peer comparison
Sep 30, 2024