Inter Parfums Inc (IPAR)

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	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	713,500	712,301	697,160	681,966
Receivables	US$ in thousands	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	135,233	175,989	150,753	168,853
Receivables turnover		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	5.28	4.05	4.62	4.04

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,317,700K ÷ $254,943K
= 5.17

Inter Parfums, Inc.'s receivables turnover has shown some fluctuations over the past eight quarters. The receivables turnover ratio provides insight into how efficiently the company is collecting its accounts receivables. A higher ratio indicates that Inter Parfums is collecting its receivables more quickly.

In Q4 2023, the receivables turnover ratio was 5.17, which was higher compared to the previous quarter. This suggests that Inter Parfums was able to collect its receivables more efficiently in the most recent quarter. The trend of increasing turnover ratios from Q1 2023 to Q4 2023 is positive, indicating a potential improvement in the company's credit and collection policies.

However, it is essential to compare these ratios with industry benchmarks to assess Inter Parfums' performance accurately. Additionally, analyzing the trend over a more extended period can provide a more comprehensive understanding of the company's receivables management efficiency.