Ethan Allen Interiors Inc (ETD)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 614,649 | 646,221 | 791,382 | 817,762 | 685,169 |
| Receivables | US$ in thousands | 6,066 | 6,766 | 11,577 | 17,019 | 9,026 |
| Receivables turnover | 101.33 | 95.51 | 68.36 | 48.05 | 75.91 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $614,649K ÷ $6,066K
= 101.33
The receivables turnover ratio for Ethan Allen Interiors Inc. demonstrates notable fluctuations over the specified period, reflecting various aspects of the company's credit management and collection practices.
As of June 30, 2021, the receivables turnover ratio stood at 75.91, indicating that the company collected its average accounts receivable approximately 76 times during that fiscal year. This suggests a highly efficient receivables collection process at that time.
By June 30, 2022, the ratio declined significantly to 48.05, signaling a slowdown in receivables collection efficiency. The reduced turnover may indicate an extension in payment terms, challenges in collection processes, or an increase in receivables due to higher sales on credit.
In the subsequent year, June 30, 2023, the ratio increased again to 68.36, reflecting an improvement in collection efficiency relative to the previous year, although it remained below the 2021 level. This rebound suggests some operational adjustments or stronger collection efforts.
The trend continued positively through June 30, 2024, with the ratio reaching 95.51, indicating a significant enhancement in receivables collection efficiency. This increase implies that the company was able to convert its receivables into cash at a much higher rate, potentially through improved credit policies or collection strategies.
Finally, by June 30, 2025, the receivables turnover ratio further increased to 101.33, surpassing all previous figures in the series. This indicates ongoing improvements in receivables management, with the company collecting its receivables more frequently within the fiscal year.
Overall, the data shows an initial decline in receivables turnover from 2021 to 2022, followed by a consistent and substantial recovery through 2023 to 2025. The upward trend in the most recent years suggests enhanced efficiency in receivables collection, which could contribute positively to cash flow and liquidity management.
Peer comparison
Jun 30, 2025