MarineMax Inc (HZO)
Receivables turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,237,153 | 1,237,608 | 1,215,368 |
| Receivables | US$ in thousands | 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 | 43,801 | 49,104 | 45,505 |
| Receivables turnover | 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 | 28.24 | 25.20 | 26.71 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,414,053K ÷ $94,601K
= 25.52
The receivables turnover ratio for Marinemax, Inc. has exhibited fluctuations over the past eight quarters. The ratio measures the number of times receivables are collected during a specific period, reflecting the efficiency of the company in collecting its outstanding receivables.
The trend shows a peak in the third quarter of 2022, with a value of 45.90, indicating that the company was collecting its receivables at a very efficient rate during that period. However, in subsequent quarters, the ratio decreased significantly, reaching a low point of 19.70 in the first quarter of 2023. This suggests a potential deterioration in the company's ability to collect receivables efficiently during this period.
In the most recent quarter, the receivables turnover ratio has shown a modest recovery to 25.52, indicating that the company has improved its ability to collect receivables, albeit not to the levels seen in the third quarter of 2022.
Overall, it is important for stakeholders to closely monitor this ratio to ensure the company is effectively managing its receivables and maintaining healthy cash flow.
Peer comparison
Dec 31, 2023