Ethan Allen Interiors Inc (ETD)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 242,528 | 244,486 | 245,864 | 250,081 | 253,364 | 259,300 | 277,348 | 289,849 | 311,012 | 334,718 | 338,152 | 344,835 | 333,056 | 310,885 | 308,239 | 299,909 | 292,062 | 262,035 | 252,307 | 251,866 |
| Payables | US$ in thousands | — | — | — | 27,221 | 27,400 | 24,774 | 24,069 | 29,633 | 28,565 | 28,043 | 30,463 | 36,744 | 37,370 | 42,696 | 37,451 | 36,463 | 61,652 | 64,537 | 55,138 | 57,967 |
| Payables turnover | — | — | — | 9.19 | 9.25 | 10.47 | 11.52 | 9.78 | 10.89 | 11.94 | 11.10 | 9.38 | 8.91 | 7.28 | 8.23 | 8.23 | 4.74 | 4.06 | 4.58 | 4.34 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $242,528K ÷ $—K
= —
The payables turnover ratio for Ethan Allen Interiors Inc exhibits notable fluctuations across the analyzed periods. Starting from a value of 4.34 as of September 30, 2020, the ratio shows a gradual upward trend, indicating increasing efficiency in paying off accounts payable over time. This upward trend becomes particularly evident from the second half of 2021 onwards, with ratios reaching 8.23 by September 30, 2021, and maintaining elevated levels through December 2021 at the same 8.23.
Throughout 2022, the ratio continues its ascent, peaking at 11.94 as of March 31, 2023, which suggests a significant improvement in the company's payment practices or a faster turnover of payables. The ratio again demonstrates some variability, declining slightly to 10.89 in June 2023 and further to 9.78 in September 2023. Subsequently, by December 2023, the ratio rises again to 11.52, indicating a temporary acceleration in payment activity.
From December 2023 onwards, the ratio slightly decreases to 10.47 as of March 31, 2024, and then further to 9.25 in June 2024, with a minor decline to 9.19 in September 2024. It is noteworthy that data beyond September 2024 are unavailable, limiting the analysis to the current period.
Overall, the pattern suggests that Ethan Allen Interiors Inc has actively managed its accounts payable, achieving increased turnover in recent periods. The elevated ratios may indicate shorter payment cycles or improved supplier relationships, whereas the fluctuations suggest some variation in payment terms or operational adjustments over time.
Peer comparison
Jun 30, 2025