Ethan Allen Interiors Inc (ETD)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 646,145 | 791,139 | 817,618 | 684,831 | 589,837 |
| Receivables | US$ in thousands | 6,766 | 11,577 | 17,019 | 9,026 | 8,092 |
| Receivables turnover | 95.50 | 68.34 | 48.04 | 75.87 | 72.89 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $646,145K ÷ $6,766K
= 95.50
Ethan Allen Interiors Inc's receivables turnover has been fluctuating over the past five years. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a period. A higher turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
In 2024, the receivables turnover ratio of 95.50 reflects a significant improvement compared to the previous year, indicating that the company is collecting its receivables at a faster rate. This may suggest more effective credit and collection policies or improvements in managing customer payments.
In 2023, although the receivables turnover ratio decreased from the previous year, it remained relatively high at 68.34, indicating efficient management of accounts receivable. The ratio increased in 2022 to 48.04, showing improvement from the previous year.
In 2021 and 2020, the receivables turnover ratios were 75.87 and 72.89, respectively, indicating that the company was efficient in collecting its receivables during those years.
Overall, the fluctuation in receivables turnover ratios over the years suggests varying levels of efficiency in collecting accounts receivable. It would be important for stakeholders to continue monitoring this ratio to assess the company's effectiveness in managing its receivables.
Peer comparison
Jun 30, 2024