HNI Corp (HNI)
Receivables turnover
| Dec 31, 2024 | Sep 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,582,500 | 2,651,600 | 2,542,900 | 2,434,000 | 2,323,100 | 2,210,300 | 2,268,500 | 2,361,700 | 2,395,700 | 2,383,600 | 2,272,400 | 2,184,393 | 2,136,642 | 2,057,005 | 1,963,961 | 1,948,372 | 2,000,722 | 2,119,093 | 2,225,230 | 2,233,871 |
| Receivables | US$ in thousands | — | — | — | 247,100 | — | — | — | 218,400 | — | — | — | 240,000 | — | — | — | 207,971 | — | — | — | 274,565 |
| Receivables turnover | — | — | — | 9.85 | — | — | — | 10.81 | — | — | — | 9.10 | — | — | — | 9.37 | — | — | — | 8.14 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,582,500K ÷ $—K
= —
The receivables turnover ratio is a measure of how efficiently a company is managing its accounts receivable by evaluating how many times during a period the company collects its average accounts receivable balance.
Analyzing the data provided for HNI Corp, we observe the following trends:
- In December 2019, the receivables turnover ratio was 8.14, indicating that on average, HNI Corp collected its accounts receivable approximately 8.14 times during the year.
- The ratio was not available for the subsequent quarters of March 2020, June 2020, and September 2020.
- It increased to 9.37 by December 2020, suggesting an improvement in the collection of accounts receivable.
- The ratio fluctuated over the following quarters but generally remained within a certain range.
- Notably, the ratio rose to 10.81 by December 2022, indicating a more efficient management of accounts receivable.
- Subsequently, the ratio decreased slightly to 9.85 by December 2023 and remained steady in the following periods where data was available.
Overall, the receivables turnover ratio for HNI Corp has shown some fluctuations over the years, possibly reflecting changes in the company's credit policies, collection practices, or business environment. An increasing ratio generally implies a more efficient management of receivables, while a decreasing ratio may indicate potential issues in collecting accounts receivable promptly. Additionally, the unavailable data points make it challenging to analyze the trend comprehensively, and further data would be needed to assess the consistency of the company's receivables turnover performance.