Leslies Inc (LESL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,294,897 | 1,312,252 | 1,335,830 | 1,360,916 | 1,385,771 | 1,436,567 | 1,510,137 | 1,535,663 | 1,531,880 | 1,467,427 | 1,389,785 | 1,351,089 | 1,299,337 | |||
| Receivables | US$ in thousands | 50,190 | 54,185 | 39,043 | 26,717 | 35,296 | 55,699 | 65,155 | 50,887 | 49,848 | 50,251 | 46,106 | 43,508 | 43,481 | 51,084 | 55,332 | 46,639 |
| Receivables turnover | 25.80 | 24.22 | 34.21 | 50.94 | 39.26 | 25.79 | 23.18 | 30.18 | 30.73 | 29.20 | 30.14 | 31.05 | 29.88 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,294,897K ÷ $50,190K
= 25.80
Leslies Inc has experienced fluctuations in its receivables turnover ratio over the past 15 quarters. The receivables turnover ratio measures how efficiently a company collects cash from its credit sales during a specific period.
The data shows that Leslies Inc's receivables turnover ratio has ranged from a low of 23.18 to a high of 50.94 over this timeframe. The company achieved its highest turnover ratio in December 2023, indicating that it collected cash from its credit sales almost 51 times during that period. This suggests that Leslies Inc was efficient in collecting its accounts receivable at that time.
On the other hand, the lowest turnover ratio of 23.18 was recorded in March 2023. This lower ratio may indicate that the company faced challenges in collecting cash from credit sales during that particular quarter.
Overall, the data reveals some volatility in Leslies Inc's receivables turnover ratio, which could be influenced by factors such as changes in credit policies, customer payment behavior, or economic conditions. It is essential for the company to closely monitor and manage its accounts receivable to ensure healthy cash flow and efficient operations.
Peer comparison
Sep 30, 2024