Ethan Allen Interiors Inc (ETD)
Activity ratios
Short-term
Turnover ratios
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.00 | 4.03 | 4.32 | 4.21 | 4.42 | 4.53 | 4.34 | 4.18 | 3.85 | 3.53 | 3.88 | 3.92 | 4.21 | 3.66 | 3.19 | 2.57 | 2.12 | 2.21 | 2.30 | 2.19 |
| Receivables turnover | 95.50 | 83.18 | 103.15 | 67.00 | 68.34 | 77.39 | 115.50 | 144.11 | 70.99 | 66.33 | 99.45 | 90.17 | 75.87 | 51.71 | 63.58 | 42.82 | 72.89 | 65.08 | 54.06 | 59.36 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.61 | 3.91 | 3.81 | 3.94 | 4.03 | 6.89 | 7.59 | 8.65 | 9.22 | 6.94 | 7.98 | 10.52 | 9.59 | 9.18 | 9.77 | 12.72 | 6.48 | 4.86 | 11.46 | 10.05 |
Based on the data provided for Ethan Allen Interiors Inc, let's analyze the activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently a company manages its inventory.
- Ethan Allen's inventory turnover ratio has been relatively stable over the past several quarters, ranging from 3.19 to 4.53.
- A higher ratio indicates that the company is selling its inventory more quickly, which is generally positive as it reduces the risk of obsolete inventory.
2. Receivables Turnover:
- The receivables turnover ratio shows how efficiently a company is collecting its accounts receivable.
- Ethan Allen's receivables turnover ratio has varied significantly, with highs around 144.11 and lows around 42.82 in different quarters.
- A higher ratio indicates that the company is collecting its receivables quickly, which is positive for cash flow and liquidity.
3. Payables Turnover:
- Unfortunately, payables turnover data is not provided in the table, so a comprehensive analysis of the company's ability to manage its accounts payable is not possible.
4. Working Capital Turnover:
- The working capital turnover ratio indicates how effectively a company is utilizing its working capital to generate sales.
- Ethan Allen's working capital turnover ratio fluctuates but generally shows a positive trend, peaking at 12.72 in one quarter.
- A higher ratio suggests that the company is using its working capital efficiently to support its operations and generate revenue.
In conclusion, Ethan Allen Interiors Inc's activity ratios demonstrate varying levels of efficiency in managing inventory, collecting receivables, and utilizing working capital. Monitoring these ratios over time can provide insights into the company's operational performance and financial health.
Average number of days
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 91.18 | 90.54 | 84.49 | 86.77 | 82.67 | 80.59 | 84.05 | 87.42 | 94.73 | 103.34 | 94.19 | 93.20 | 86.71 | 99.79 | 114.31 | 142.28 | 172.58 | 165.46 | 158.67 | 166.98 |
| Days of sales outstanding (DSO) | days | 3.82 | 4.39 | 3.54 | 5.45 | 5.34 | 4.72 | 3.16 | 2.53 | 5.14 | 5.50 | 3.67 | 4.05 | 4.81 | 7.06 | 5.74 | 8.52 | 5.01 | 5.61 | 6.75 | 6.15 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) for Ethan Allen Interiors Inc have shown some fluctuations over the past few quarters, ranging from a low of 80.59 days to a high of 172.58 days. However, in the most recent quarter, the DOH stands at 91.18 days, indicating that the company takes approximately 91 days to sell its inventory. This suggests a moderate level of efficiency in managing inventory levels.
On the other hand, the Days of Sales Outstanding (DSO) have also varied, with a range from 2.53 days to 8.52 days. The most recent DSO figure is 3.82 days, which implies that on average, it takes the company around 3.82 days to collect payments from its customers. A lower DSO typically indicates a more efficient accounts receivable management process.
Unfortunately, data for the number of days of payables is not available, preventing a comprehensive analysis of Ethan Allen Interiors Inc's activity ratios in terms of the cash conversion cycle. It is important to note that analyzing all three components - inventory, accounts receivable, and accounts payable - together can provide a more holistic view of the company's working capital management efficiency.
Long-term
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 3.00 | 3.04 | 3.21 | 3.34 | 3.56 | 5.48 | 5.52 | 5.59 | 5.40 | 3.43 | 3.35 | 3.14 | 2.96 | 2.56 | 2.44 | 2.41 | 2.49 | 2.81 | 2.90 | 3.00 |
| Total asset turnover | 0.87 | 0.90 | 0.98 | 1.00 | 1.06 | 1.65 | 1.73 | 1.72 | 1.68 | 1.07 | 1.08 | 1.06 | 1.00 | 0.87 | 0.90 | 0.91 | 0.95 | 0.97 | 1.14 | 1.12 |
Ethan Allen Interiors Inc's fixed asset turnover has shown fluctuations over the past several quarters, ranging from a low of 2.41 to a high of 5.59. The company's fixed asset turnover is generally stable, indicating that it efficiently generates revenue from its investment in fixed assets. The increasing trend since the beginning of 2020 suggests improved efficiency in utilizing fixed assets to drive sales.
In terms of total asset turnover, Ethan Allen Interiors Inc's performance has also fluctuated but has trended upwards overall. With a range of 0.87 to 1.73, the company has been able to generate revenue relative to its total assets efficiently, particularly evident in the significant increase in total asset turnover from the fourth quarter of 2020 onwards. This indicates that the company has been using its assets effectively to generate sales revenue.
Overall, the analysis of long-term activity ratios for Ethan Allen Interiors Inc suggests that the company has been improving its efficiency in generating revenue from both fixed assets and total assets over the past few years, with a notable increase in efficiency in recent quarters.