MarineMax Inc (HZO)

Receivables turnover

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 Mar 31, 2020 Dec 31, 2019
Revenue (ttm) US$ in thousands 2,431,008 2,462,481 2,426,605 2,414,053 2,394,706 2,336,875 2,303,568 2,343,334 2,308,098 2,233,644 2,211,435 2,124,424 2,063,257 1,999,709 1,831,685 1,617,065 1,509,713 1,419,087 1,304,277 1,299,388
Receivables US$ in thousands 108,761 105,258 121,639 94,601 87,253 95,018 116,910 68,514 51,533 61,863 62,276 39,468 49,005 60,195 54,489 44,001 41,526 69,478 35,814 36,118
Receivables turnover 22.35 23.39 19.95 25.52 27.45 24.59 19.70 34.20 44.79 36.11 35.51 53.83 42.10 33.22 33.62 36.75 36.36 20.42 36.42 35.98

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,431,008K ÷ $108,761K
= 22.35

MarineMax Inc's receivables turnover ratio has fluctuated over the past quarters, indicating the company's efficiency in collecting outstanding receivables. The ratio ranged from a low of 19.70 to a high of 53.83, with an average value of approximately 32.60. Higher values, such as 53.83 in December 2021, suggest that MarineMax was able to collect receivables more frequently during that period, reflecting effective credit management or strong sales. On the other hand, lower values, like 19.70 in March 2023, indicate a longer average collection period, potentially signaling challenges in collecting payments from customers. Overall, monitoring the trend of the receivables turnover ratio can provide insights into MarineMax's liquidity and effectiveness in managing its accounts receivable.


Peer comparison

Sep 30, 2024