Hawkins Inc (HWKN)
Receivables turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 919,162 | 924,287 | 935,009 | 939,675 | 935,098 | 929,926 | 897,758 | 839,843 | 774,541 | 714,539 | 670,416 | 634,940 | 596,871 | 566,313 | 543,792 | 536,034 | 540,198 | 540,836 | 548,581 | 553,862 |
| Receivables | US$ in thousands | 114,477 | 113,016 | 124,813 | 138,340 | 129,252 | — | — | — | 122,826 | 102,831 | 90,057 | 90,936 | 90,778 | 77,768 | 74,492 | 69,453 | 67,391 | 56,655 | 65,396 | 69,026 |
| Receivables turnover | 8.03 | 8.18 | 7.49 | 6.79 | 7.23 | — | — | — | 6.31 | 6.95 | 7.44 | 6.98 | 6.58 | 7.28 | 7.30 | 7.72 | 8.02 | 9.55 | 8.39 | 8.02 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $919,162K ÷ $114,477K
= 8.03
The receivables turnover ratio for Hawkins Inc has shown some fluctuation over the past 20 quarters. The ratio measures how efficiently the company is able to collect payments from its customers.
From the data provided, we can see that the receivables turnover ratio ranged from a low of 6.31 to a high of 9.55 during this period. Generally, a higher receivables turnover ratio is preferable as it indicates that the company is able to collect its accounts receivable more quickly.
In the most recent quarter, the receivables turnover ratio was 8.03, showing a slight decrease from the previous quarter's 8.18. This indicates that, on average, accounts receivable are turning over approximately 8 times during the fiscal year.
It is important for Hawkins Inc to monitor this ratio over time to ensure that they are efficiently managing their receivables and collecting payments in a timely manner. Any significant deviations from historical trends should be investigated to understand the factors impacting the collection of receivables.
Peer comparison
Mar 31, 2024