Advanced Drainage Systems Inc (WMS)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,904,240 | 2,874,470 | 3,071,120 | 2,769,320 | 1,982,780 |
| Receivables | US$ in thousands | 314,011 | 323,576 | 306,945 | 341,753 | 236,191 |
| Receivables turnover | 9.25 | 8.88 | 10.01 | 8.10 | 8.39 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,904,240K ÷ $314,011K
= 9.25
The receivables turnover ratio for Advanced Drainage Systems Inc has shown some fluctuation over the past five years. In March 2021, the ratio was 8.39, indicating that on average, the company collected its accounts receivable approximately 8.39 times during that fiscal year.
However, there was a slight decrease in the ratio to 8.10 in March 2022, suggesting that the company took slightly longer to collect its receivables compared to the previous year.
The ratio improved significantly in March 2023, jumping to 10.01, which indicates that the company was more efficient in collecting its accounts receivable during that fiscal year.
In the subsequent years, the ratio remained relatively stable, with values of 8.88 in March 2024 and 9.25 in March 2025. Overall, the company has demonstrated a generally healthy turnover of its receivables, though there have been some fluctuations in efficiency over the years.