Inter Parfums Inc (IPAR)
Receivables turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,454,289 | 1,421,425 | 1,366,393 | 1,332,438 | 1,317,700 | 1,293,741 | 1,207,007 | 1,143,274 | 1,086,701 | 987,400 | 969,505 | 931,518 | 881,093 | 854,682 | 752,668 | 595,832 | 539,000 | 533,353 | 564,477 | 680,812 |
| Receivables | US$ in thousands | 281,133 | 359,692 | 323,344 | 301,146 | 254,943 | 302,228 | 251,670 | 269,798 | 226,544 | 228,373 | 200,211 | 218,962 | 169,799 | 199,267 | 196,199 | 151,994 | 128,678 | 140,429 | 79,549 | 136,713 |
| Receivables turnover | 5.17 | 3.95 | 4.23 | 4.42 | 5.17 | 4.28 | 4.80 | 4.24 | 4.80 | 4.32 | 4.84 | 4.25 | 5.19 | 4.29 | 3.84 | 3.92 | 4.19 | 3.80 | 7.10 | 4.98 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,454,289K ÷ $281,133K
= 5.17
The receivables turnover ratio, calculated by dividing net credit sales by the average accounts receivable, is a measure of how efficiently a company is able to collect its outstanding receivables during a specific period.
Based on the data provided for Inter Parfums Inc, the receivables turnover ratio fluctuated over the observed periods. The ratio ranged from a low of 3.80 on September 30, 2020, to a high of 7.10 on June 30, 2020.
The trend indicates that the company's ability to collect on its receivables improved significantly in the second quarter of 2020 but saw a decline in the subsequent periods. Despite some fluctuations, the company's receivables turnover generally remained within a range of 3.80 to 5.17, with the most recent observed ratio being 5.17 on December 31, 2024.
A high receivables turnover ratio suggests that Inter Parfums Inc is efficiently collecting its accounts receivable, while a lower ratio may indicate potential issues with collecting outstanding debts. It is important for the company to monitor this ratio closely to ensure efficient management of its receivables and maintain a healthy cash flow.
Peer comparison
Dec 31, 2024