HNI Corp (HNI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,526,400 | 2,434,000 | 2,361,800 | 2,184,400 | 1,948,370 |
| Receivables | US$ in thousands | — | 247,100 | 218,400 | 240,000 | 207,971 |
| Receivables turnover | — | 9.85 | 10.81 | 9.10 | 9.37 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,526,400K ÷ $—K
= —
The receivables turnover ratio for HNI Corp has shown fluctuations over the years. In December 31, 2020, the ratio was 9.37, which decreased slightly to 9.10 by December 31, 2021. However, there was a notable increase in the ratio to 10.81 by December 31, 2022, indicating that the company collected its accounts receivables more frequently during that period. Subsequently, by December 31, 2023, the ratio decreased to 9.85, still remaining at a relatively healthy level. Unfortunately, the data for December 31, 2024 is not available; therefore, the trend for that year cannot be determined. Overall, the receivables turnover ratio for HNI Corp has been within a reasonable range, reflecting the company's efficiency in collecting outstanding payments from its customers.