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