Sally Beauty Holdings Inc (SBH)
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 | 3,628,215 | 3,653,284 | 3,698,523 | 3,711,659 | 3,701,123 | 3,722,075 | 3,746,879 | 3,820,324 | 3,831,278 | 3,779,726 | 3,767,647 | 3,446,701 | 3,393,635 | 3,444,070 | 3,452,195 | 3,723,594 | 3,796,746 | 3,802,820 | 3,802,880 | 3,825,274 |
| Receivables | US$ in thousands | 32,164 | 33,421 | 32,888 | 30,540 | 32,671 | 34,102 | 31,462 | 28,615 | 29,588 | 32,623 | 44,660 | 39,294 | 40,046 | 35,590 | 42,818 | 42,802 | 41,142 | 43,136 | 44,680 | 41,976 |
| Receivables turnover | 112.80 | 109.31 | 112.46 | 121.53 | 113.28 | 109.15 | 119.09 | 133.51 | 129.49 | 115.86 | 84.36 | 87.72 | 84.74 | 96.77 | 80.62 | 87.00 | 92.28 | 88.16 | 85.11 | 91.13 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,628,215K ÷ $32,164K
= 112.80
To analyze Sally Beauty Holdings Inc's receivables turnover, we calculated the receivables turnover ratio for each quarter provided. The receivables turnover ratio shows how many times a company is able to collect its accounts receivable during a specific period.
The trend in Sally Beauty Holdings Inc's receivables turnover over the past quarters has been decreasing. The ratio decreased from 64.31 in Q2 2022 to 47.17 in Q1 2024. This signifies that the company is taking longer to collect its accounts receivable, which could potentially indicate issues with credit policies, collections, or customer creditworthiness.
A lower receivables turnover ratio may suggest inefficiencies in managing receivables and collecting payments from customers promptly. It is crucial for the company to closely monitor and improve its receivables turnover ratio to ensure optimal cash flow and liquidity.
Overall, Sally Beauty Holdings Inc should focus on enhancing its receivables management processes to effectively manage outstanding customer balances and improve cash flow efficiency. Further analysis, such as comparing the company's receivables turnover to industry standards or its competitors, could offer additional insights into its performance in this area.
Peer comparison
Dec 31, 2023