WD-40 Company (WDFC)
Receivables turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 587,047 | 570,084 | 555,159 | 545,753 | 531,830 | 524,985 | 507,863 | 508,545 | 517,038 | 501,187 | 514,594 | 497,126 | 488,109 | 484,515 | 446,357 | 434,501 | 408,498 | 403,596 | 419,338 | 420,624 |
| Receivables | US$ in thousands | 117,493 | 116,434 | 104,794 | 95,118 | 98,039 | 100,556 | 100,430 | 87,285 | 89,930 | 92,621 | 103,582 | 95,542 | 89,558 | 104,911 | 93,577 | 91,061 | 80,672 | 76,390 | 75,827 | 70,058 |
| Receivables turnover | 5.00 | 4.90 | 5.30 | 5.74 | 5.42 | 5.22 | 5.06 | 5.83 | 5.75 | 5.41 | 4.97 | 5.20 | 5.45 | 4.62 | 4.77 | 4.77 | 5.06 | 5.28 | 5.53 | 6.00 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $587,047K ÷ $117,493K
= 5.00
The receivables turnover ratio for WD-40 Company has shown fluctuations over the past several quarters, ranging from 4.62 to 6.00. This ratio indicates how many times receivables are collected and turned into cash during a specific period.
A higher receivables turnover ratio typically suggests that the company is efficient in collecting payments from customers, thereby reducing the risk of bad debts and improving cash flow. On the other hand, a lower ratio may indicate issues with collecting receivables promptly, potentially leading to liquidity challenges.
In the most recent period, the receivables turnover ratio was 5.00, showing a moderate level of efficiency in collecting receivables. It is important for the company to monitor this ratio over time to ensure consistency and effectiveness in managing its accounts receivable. Additionally, a comparison with industry averages or competitors' ratios could provide further insights into the company's receivables management performance.
Peer comparison
Aug 31, 2024