MarineMax Inc (HZO)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,431,010 | 2,394,710 | 2,308,100 | 2,063,260 | 1,509,710 |
| Receivables | US$ in thousands | 108,761 | 87,253 | 51,533 | 49,005 | 41,526 |
| Receivables turnover | 22.35 | 27.45 | 44.79 | 42.10 | 36.36 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,431,010K ÷ $108,761K
= 22.35
MarineMax Inc's receivables turnover has shown a fluctuating trend over the past five years, with values ranging from 22.35 to 44.79. The receivables turnover ratio measures the number of times a company's receivables are collected during a specific period, indicating how efficiently the company is managing its accounts receivable. A higher turnover ratio is generally favorable as it suggests that the company is collecting its receivables more quickly.
In this case, the receivables turnover ratio has been relatively high over the years, indicating that MarineMax Inc has been efficient in collecting its receivables. The significant increase from 2020 to 2022, followed by a slight decrease in 2023 and 2024, may indicate changes in the company's credit policies, customer payment behaviors, or overall industry conditions.
Overall, the trend in MarineMax Inc's receivables turnover suggests that the company has been effective in managing and collecting its accounts receivable efficiently in recent years. However, further analysis and comparison with industry averages or competitors may provide additional insights into the company's performance in this area.
Peer comparison
Sep 30, 2024