Sally Beauty Holdings Inc (SBH)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,713,300 | 3,652,760 | 3,705,580 | 3,777,230 | 3,415,500 |
| Receivables | US$ in thousands | 33,635 | 33,421 | 34,102 | 32,623 | 35,590 |
| Receivables turnover | 110.40 | 109.30 | 108.66 | 115.78 | 95.97 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,713,300K ÷ $33,635K
= 110.40
The receivables turnover of Sally Beauty Holdings Inc has been consistently high over the past five years, ranging from 95.97 to 115.78. This indicates that the company is efficient in collecting payments from its customers within a relatively short period. The increasing trend in the receivables turnover ratio suggests that the company has been improving its management of accounts receivable, which is a positive sign for its overall liquidity and cash flow position. Furthermore, a high receivables turnover ratio may also reflect the company's strong credit policies and effective collection practices. Overall, the trend in Sally Beauty Holdings Inc's receivables turnover ratio reflects a well-managed accounts receivable function.
Peer comparison
Sep 30, 2024