Haverty Furniture Companies Inc (HVT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 867,570 | 1,048,700 | 1,013,110 | 783,124 | 803,578 |
| Receivables | US$ in thousands | — | — | — | — | 1,527 |
| Receivables turnover | — | — | — | — | 526.25 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $867,570K ÷ $—K
= —
The data provided indicates that the receivables turnover for Haverty Furniture Companies Inc was not available for the years ending December 31, 2023, 2022, 2021, and 2020. However, in the year ending December 31, 2019, the company had a receivables turnover of 526.25.
The decrease in the receivables turnover ratio may indicate that the company is taking longer to collect payments from its customers, which could potentially lead to liquidity issues. It is important for Haverty Furniture Companies Inc to closely monitor and manage their accounts receivable collection process to ensure efficient cash flow management. This could involve implementing stricter credit policies, improving invoicing and collection procedures, or addressing any issues with customer payment delays.
Overall, the absence of receivables turnover data for the recent years, coupled with the significantly high turnover ratio in 2019, underscores the need for Haverty Furniture Companies Inc to focus on optimizing its receivables management practices to maintain healthy liquidity and operational efficiency.
Peer comparison
Dec 31, 2023