Leslies Inc (LESL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,378,163 | 1,403,018 | 1,453,814 | 1,527,384 | 1,535,663 | 1,531,880 | 1,467,427 | 1,389,785 | 1,351,089 | 1,299,337 | |||
| Receivables | US$ in thousands | 26,717 | 35,296 | 55,699 | — | 50,887 | 49,848 | 50,251 | 46,106 | 43,508 | 43,481 | 51,084 | 55,332 | 46,639 |
| Receivables turnover | 51.58 | 39.75 | 26.10 | — | 30.18 | 30.73 | 29.20 | 30.14 | 31.05 | 29.88 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,378,163K ÷ $26,717K
= 51.58
Leslies Inc's receivables turnover has shown fluctuations over the periods presented. The receivables turnover ratio indicates how efficiently the company is collecting its accounts receivable. A higher turnover indicates that the company is collecting its receivables more quickly.
From the data provided, we can observe that there is a general trend of improvement in the receivables turnover ratio from December 2020 to September 2023. The ratio fluctuated between 26.10 and 51.58 during this period, with the highest turnover recorded in December 2023.
The significant increase in receivables turnover from 26.10 in June 2023 to 51.58 in December 2023 is a positive indicator, suggesting that the company has been more efficient in collecting its receivables during this period. However, the absence of data for March 2023 limits a precise analysis of the trend.
Overall, the company has shown improvements in its receivables turnover ratio, pointing towards effective management of accounts receivable and efficient collection practices. This trend indicates a positive performance in managing the company's credit sales and liquidity.
Peer comparison
Dec 31, 2023