John Wiley & Sons (WLY)
Receivables turnover
| 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 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,870,875 | 1,880,476 | 1,912,840 | 1,941,262 | 1,983,621 | 2,006,127 | 2,035,954 | 2,056,436 | 2,059,934 | 2,057,348 | 2,023,032 | 1,986,015 | 1,928,696 | 1,867,096 | 1,850,376 | 1,817,323 | 1,811,151 | 1,827,651 | 1,809,890 | 1,798,284 |
| Receivables | US$ in thousands | 224,198 | 161,009 | 147,253 | 153,392 | 310,121 | 283,654 | 260,026 | 281,443 | 331,960 | 267,988 | 291,891 | 284,579 | 311,571 | 278,939 | 273,264 | 282,412 | 309,384 | 301,521 | 235,466 | 281,055 |
| Receivables turnover | 8.34 | 11.68 | 12.99 | 12.66 | 6.40 | 7.07 | 7.83 | 7.31 | 6.21 | 7.68 | 6.93 | 6.98 | 6.19 | 6.69 | 6.77 | 6.44 | 5.85 | 6.06 | 7.69 | 6.40 |
April 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,870,875K ÷ $224,198K
= 8.34
The trend in John Wiley & Sons' receivables turnover ratio over the past few years indicates fluctuations in the efficiency of the company in collecting its accounts receivable. The ratio has shown a mix of increases and decreases with varying levels of turnover.
Notably, there was a significant improvement in the receivables turnover ratio from July 2020 to October 2023, reaching its peak at 12.99 in October 2023. This suggests that the company was collecting its accounts receivable more frequently during this period.
However, in the subsequent periods, the receivables turnover ratio has declined, indicating a decrease in the frequency of collecting accounts receivable. This could potentially signal challenges in collecting receivables promptly and efficiently.
Overall, it is important for John Wiley & Sons to closely monitor and manage its accounts receivable turnover to ensure effective cash flow management and liquidity. Variations in this ratio can provide insights into the company's credit policies, collection practices, and overall financial health.
Peer comparison
Apr 30, 2024