Ethan Allen Interiors Inc (ETD)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.96 | 9.24 | 10.89 | 8.91 | 4.74 | |
| Number of days of payables | days | 33.32 | 39.50 | 33.52 | 40.95 | 77.05 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.96
= 33.32
The analysis of Ethan Allen Interiors Inc.'s accounts payable days over the specified period reveals significant fluctuations in the company's payment cycle. As of June 30, 2021, the number of days of payables stood at approximately 77.05 days, indicating a relatively extended period before settling obligations to suppliers. This figure decreased substantially by June 30, 2022, to around 40.95 days, reflecting an acceleration in the payment process or improved cash management practices. The downward trend persisted into 2023, with the days of payables further declining to approximately 33.52 days, suggesting an even more prompt payment approach.
However, a slight increase was observed in 2024, where the payables period extended marginally to about 39.50 days. This deviation could be attributed to strategic changes in supplier negotiations, cash flow management, or operational adjustments. Nevertheless, the figure for June 30, 2025, indicates a return to a reduced period of approximately 33.32 days, consistent with the relatively efficient payables cycle observed in previous years.
Overall, the pattern demonstrates a notable reduction in the accounts payable days from 2021 to 2023, indicating an improvement in the company's payment efficiency. The slight increase in 2024 suggests intermittent shifts but overall, there is a trend toward maintaining a more rapid settlement of liabilities in the subsequent years.
Peer comparison
Jun 30, 2025