Accounts Receivable

12 Months Ended

Sep. 30, 2023

Accounts receivable primarily consists of trade accounts receivable, contracts in transit and manufacturer receivables. Trade receivables include amounts due from customers on the sale of boats, parts, service, and storage. Contracts in transit represent anticipated funding from the loan agreement customers execute at the dealership when they purchase their new or pre-owned boat. These finance contracts are typically funded within 30 days. Amounts due from manufacturers represent receivables for various manufacturer incentive programs and parts and service work performed pursuant to the manufacturers’ warranties. Accounts receivable as of September 30, 2023 also consists of a receivable resulting from the disposition of Roscioli Yachting Center as the proceeds on disposal were received subsequent to September 30, 2023.

The allowance for credit losses is estimated based on past collection experience, current conditions and reasonable and supportable forecasts. The annual activity for charges and subsequent recoveries is immaterial.

Accounts receivable consisted of the following:


($ in thousands)	September 30, 2023		September 30, 2022
Receivable for proceeds on the disposition of a business	$	45,100	$	—
Trade accounts receivable	32,065		37,359
Contracts in transit	25,425		14,543
Manufacturer receivable	11,288		7,224
Total accounts receivable	113,878		59,126
Less – allowance for credit losses	(703)		(1,166)
Total accounts receivable, net	$	113,175	$	57,960