This can be either negativeor positive compared to Yacht Industry average which the receivables turnover is 9,82 (Days sales in receivables = 37,16 days), even better than the upper quartile which is 14,11(Days sales in receivables = 25,87)because ECY’s receivables turnover are too high.
This can be an indicator that ECY’s credit collection policies are tighter, so there are risks of losing customers to the competitors. But it also means that ECY do well collecting cash quickly from customers and be able to generate cash flow to keep up with current liabilities.