The Hain Celestial Group Inc (HAIN)

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	1,678,403	1,682,561	1,713,018	1,728,265	1,755,367	1,805,591	1,853,287	1,876,020	1,891,788	1,893,216	1,882,881	1,934,358	1,977,806	2,031,395	2,092,088	2,070,434	2,053,862	2,099,798	2,146,298	2,223,690
Receivables	US$ in thousands	179,190	191,192	192,538	158,094	160,948	179,114	177,058	172,692	170,661	158,734	163,672	181,048	174,066	190,737	185,576	166,086	170,969	237,719	206,583	206,478
Receivables turnover		9.37	8.80	8.90	10.93	10.91	10.08	10.47	10.86	11.09	11.93	11.50	10.68	11.36	10.65	11.27	12.47	12.01	8.83	10.39	10.77

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,678,403K ÷ $179,190K
= 9.37

The receivables turnover ratio for The Hain Celestial Group Inc has shown some fluctuations over the past several quarters, ranging from a low of 8.80 to a high of 12.47. The ratio indicates how efficiently the company is able to collect payments from its customers.

A higher receivables turnover ratio generally signifies that the company is collecting its accounts receivable more quickly, which can be a positive indicator of effective credit policies and strong customer relationships. Conversely, a lower ratio may suggest potential issues with collecting payments in a timely manner, which could impact cash flow and liquidity.

In the most recent quarter, the receivables turnover ratio was 9.37, which indicates that, on average, the company was able to collect its outstanding receivables approximately 9.37 times during the quarter. It is important for investors and analysts to monitor this ratio over time to assess trends and evaluate the company's ability to efficiently manage its accounts receivable.