MarineMax Inc

NYSE HZO

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MarineMax Inc Accounts Payable Turnover Ratio 5 year CAGR for the year ending September 30, 2023: -8.08%

MarineMax Inc Accounts Payable Turnover Ratio 5 year CAGR is -8.08% for the year ending September 30, 2023, a -173.19% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • MarineMax Inc Accounts Payable Turnover Ratio for the year ending September 30, 2022 was 67.21, a -16.16% change year over year.
  • MarineMax Inc Accounts Payable Turnover Ratio for the year ending September 30, 2021 was 80.16, a 98.28% change year over year.
  • MarineMax Inc Accounts Payable Turnover Ratio for the year ending September 30, 2020 was 40.43, a 10.04% change year over year.
  • MarineMax Inc Accounts Payable Turnover Ratio for the year ending September 30, 2019 was 36.74, a -27.81% change year over year.
NYSE: HZO

MarineMax Inc

CEO Mr. William H. McGill Jr.
IPO Date June 2, 1998
Location United States
Headquarters 2600 McCormick Drive, Clearwater, FL, United States, 33759
Employees 3,928
Sector Consumer Cyclical
Industry Specialty retail
Description

MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories, such as life jackets, inflatables, and water sports equipment. In addition, the company provides novelty items, such as shirts, caps, and license plates; marine engines and equipment; maintenance, repair, and slip and storage services; and boat or yacht brokerage services, as well as yacht charters and power catamarans. Further, it offers new or used boat finance services; arranges insurance coverage, including boat property, disability, undercoating, gel sealant, fabric protection, trailer tire and wheel protection, and casualty insurance coverage; and manufactures and sells sport yachts and yachts. Additionally, the company operates MarineMax vacations in Tortola and British Virgin Islands. It also markets and sells its products through offsite locations and print catalog. MarineMax, Inc. was incorporated in 1998 and is based in Clearwater, Florida.

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StockViz Staff

September 20, 2024

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