Ethan Allen Interiors Inc (ETD)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 253,159 | 311,012 | 333,056 | 292,062 | 266,705 |
| Payables | US$ in thousands | 27,400 | 28,565 | 37,370 | 61,652 | 25,595 |
| Payables turnover | 9.24 | 10.89 | 8.91 | 4.74 | 10.42 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $253,159K ÷ $27,400K
= 9.24
To analyze Ethan Allen Interiors Inc's payables turnover, we need information on both accounts payable and cost of goods sold. Unfortunately, the given table lacks the specific data required to calculate the payables turnover ratio for the years provided (Jun 30, 2020 to Jun 30, 2024).
Payables turnover ratio is calculated by dividing the cost of goods sold by the average accounts payable for a period. This ratio indicates how many times a company pays off its accounts payable during a specific period.
Without the necessary financial details, a detailed analysis of Ethan Allen Interiors Inc's payables turnover is not feasible. It is therefore recommended to refer to the company's financial statements or obtain additional information to calculate and interpret the payables turnover ratio accurately for meaningful insights.
Peer comparison
Jun 30, 2024