Sally Beauty Holdings Inc (SBH)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,717,033 | 3,623,305 | 3,614,026 | 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 |
| Receivables | US$ in thousands | 33,635 | 32,766 | 34,693 | 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 |
| Receivables turnover | 110.51 | 110.58 | 104.17 | 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,717,033K ÷ $33,635K
= 110.51
Sally Beauty Holdings Inc's receivables turnover ratio has been relatively stable over the past few years, ranging between 80.62 and 133.51. The ratio measures how efficiently the company is collecting payments from its customers. A higher receivables turnover implies that the company is able to collect payments quickly, which is generally considered positive.
The receivables turnover ratio for Sally Beauty Holdings Inc averaged around 104.08 over the past five years. This indicates that, on average, the company collected its accounts receivable approximately 104 times per year. A higher turnover ratio suggests that the company has effective credit policies, is efficient in collecting payments, and may have a lower risk of bad debts.
It is worth noting that the receivables turnover ratio can vary based on the industry and business model. Comparing the company's ratio to industry benchmarks and historical data can provide additional insights into its financial performance and collection efficiency. Overall, the consistency and relatively high values of Sally Beauty Holdings Inc's receivables turnover ratio suggest effective management of accounts receivable.
Peer comparison
Sep 30, 2024