Leslies Inc (LESL)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,330,120 | 1,385,770 | 1,531,880 | 1,299,340 |
| Receivables | US$ in thousands | 50,190 | 35,296 | 49,848 | 43,481 |
| Receivables turnover | 26.50 | 39.26 | 30.73 | 29.88 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,330,120K ÷ $50,190K
= 26.50
The receivables turnover ratio for Leslies Inc has fluctuated over the past four years, indicating changes in the company's efficiency in collecting outstanding receivables.
In 2024, the receivables turnover ratio stands at 26.50, which suggests that the company is collecting its accounts receivable approximately 26.50 times during the year. This represents a decrease from the previous year, where the ratio was 39.26.
The drop in receivables turnover from 2023 to 2024 may indicate that Leslies Inc is taking longer to collect its outstanding receivables, which could potentially tie up capital and impact cash flow. It would be advisable for the company to analyze its credit policies, collection procedures, and customer payment patterns to improve this ratio and ensure a more efficient management of its accounts receivable.
Peer comparison
Sep 30, 2024