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Accounts Receivable

12 Months Ended

Sep. 30, 2024

5. ACCOUNTS RECEIVABLE:

Trade receivables consist primarily of receivables from financial institutions, which provide funding for customer boat financing and amounts due from financial institutions earned from arranging financing with our customers. We normally collect these receivables within 30 days of the sale. Trade receivables also include amounts due from customers on the sale of boats, parts, service, and storage. Amounts due from manufacturers represent receivables for various manufacturer programs and parts and service work performed pursuant to the manufacturers’ warranties.

Accounts receivable are presented net of an allowance for expected credit losses. The allowance for expected credit losses, which was not material to the consolidated financial statements as of September 30, 2023 or 2024, was based on our consideration of past collection experience, current information, and reasonable and supportable forecasts.

Accounts receivable, net consisted of the following as of September 30,


	2023		2024
	(Amounts in thousands)
Trade receivables, net	$	70,752	$	84,120
Amounts due from manufacturers		13,555		19,937
Other receivables		1,473		2,352
Accounts receivable, net	$	85,780	$	106,409