Ethan Allen Interiors Inc (ETD)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 646,141 | 664,729 | 704,624 | 740,509 | 791,146 | 1,224,074 | 1,235,417 | 1,240,349 | 1,208,177 | 766,074 | 745,377 | 716,110 | 684,846 | 598,414 | 571,226 | 566,974 | 589,837 | 682,187 | 710,242 | 732,820 |
| Receivables | US$ in thousands | 6,766 | 7,991 | 6,831 | 11,053 | 11,577 | 15,817 | 10,696 | 8,607 | 17,019 | 11,549 | 7,495 | 7,942 | 9,026 | 11,573 | 8,985 | 13,241 | 8,092 | 10,482 | 13,139 | 12,345 |
| 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 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $646,141K ÷ $6,766K
= 95.50
The receivables turnover ratio for Ethan Allen Interiors Inc has shown fluctuations over the recent quarters. The ratio indicates how efficiently the company collects its accounts receivables during a specific period.
The highest receivables turnover was seen in December 2022 at 144.11, indicating that the company collected its outstanding receivables 144.11 times during that quarter. This may suggest a strong credit management system or prompt collection efforts during that period.
On the other hand, the lowest receivables turnover was observed in March 2020 at 42.82, suggesting a slower collection of accounts receivables during that quarter.
Overall, the company's receivables turnover has shown variability, ranging from 42.82 to 144.11, indicating fluctuations in the efficiency of collecting outstanding receivables. Further analysis and correlation with other financial metrics would provide a more comprehensive understanding of the company's overall financial health and performance.