Accounts Receivable

9 Months Ended

Jun. 30, 2026

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.

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

Accounts receivable consisted of the following:


($ in thousands)	June 30, 2026		September 30, 2025
Contracts in transit	$	32,657	$	17,942
Trade accounts receivable	14,953		29,642
Manufacturer receivable	14,942		10,903
Income tax receivable	2,612		2,950
Total accounts receivable	65,164		61,437
Less – allowance for credit losses	(672)		(552)
Total accounts receivable, net	$	64,492	$	60,885