The Hain Celestial Group Inc (HAIN)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,678,400 | 1,755,310 | 1,900,380 | 1,977,810 | 2,053,900 |
| Receivables | US$ in thousands | 179,190 | 160,948 | 170,661 | 174,066 | 170,969 |
| Receivables turnover | 9.37 | 10.91 | 11.14 | 11.36 | 12.01 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,678,400K ÷ $179,190K
= 9.37
The analysis of The Hain Celestial Group Inc's receivables turnover reveals a declining trend over the past five years. The company's receivables turnover ratio has decreased from 12.01 in 2020 to 9.37 in 2024. This suggests that the company is taking longer to collect payments from its customers, which may indicate potential issues with credit policies, collection efficiency, or customer creditworthiness.
A lower receivables turnover ratio could also imply a higher level of accounts receivable relative to sales, potentially tying up more cash in receivables and impacting the company's liquidity. It is important for The Hain Celestial Group Inc to closely monitor and address any potential reasons for the declining receivables turnover ratio to ensure efficient cash flow management and overall financial health.
Peer comparison
Jun 30, 2024