Hawkins Inc (HWKN)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 974,431 | 952,133 | 934,424 | 923,921 | 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 |
| Receivables | US$ in thousands | 131,795 | 111,521 | 115,221 | 126,398 | 114,477 | 113,016 | 124,813 | 138,340 | 129,252 | 125,471 | 131,392 | 138,775 | 122,826 | 102,831 | 90,057 | 90,936 | 90,603 | 77,768 | 74,492 | 69,453 |
| Receivables turnover | 7.39 | 8.54 | 8.11 | 7.31 | 8.03 | 8.18 | 7.49 | 6.79 | 7.23 | 7.41 | 6.83 | 6.05 | 6.31 | 6.95 | 7.44 | 6.98 | 6.59 | 7.28 | 7.30 | 7.72 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $974,431K ÷ $131,795K
= 7.39
The receivables turnover for Hawkins Inc has fluctuated over the period from June 30, 2020, to March 31, 2025. The turnover ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period.
From June 30, 2020, to December 31, 2022, the receivables turnover remained relatively stable, ranging between 6.31 to 7.44. There was a slight decline in March 31, 2021, which could indicate potential issues with collections efficiency during that period.
However, from June 30, 2023, the receivables turnover started to show an upward trend, reaching a peak of 8.54 on December 31, 2024. This increase suggests that Hawkins Inc improved its ability to collect receivables efficiently.
Overall, a higher receivables turnover ratio is generally preferable as it indicates that the company is managing its receivables effectively, collecting payment from customers promptly, and minimizing credit risk.
Peer comparison
Mar 31, 2025