Helios Technologies (FRA:SH7) Receivables Turnover : 1.76 (As of Mar. 2024)

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What is Helios Technologies Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Helios Technologies's Revenue for the three months ended in Mar. 2024 was €195.0 Mil. Helios Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was €110.8 Mil. Hence, Helios Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.76.

Helios Technologies Receivables Turnover Historical Data

The historical data trend for Helios Technologies's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Helios Technologies Receivables Turnover Chart

Helios Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.05

6.13

7.72

7.05

6.86

Helios Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.60	1.62	1.50	1.55	1.76

Competitive Comparison of Helios Technologies's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Helios Technologies's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Helios Technologies's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Helios Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Helios Technologies's Receivables Turnover falls into.

Helios Technologies Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Helios Technologies's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	766.245	/ (	(118.094	+	105.272)	/	2 )
=	766.245	/	111.683
=	6.86

Helios Technologies's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	195.04	/ (	(105.272	+	116.38)	/	2 )
=	195.04	/	110.826
=	1.76

Helios Technologies (FRA:SH7) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Helios Technologies Receivables Turnover Related Terms

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Helios Technologies (FRA:SH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Helios Technologies Inc (FRA:SH7) » Definitions » Receivables Turnover

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HLIO:USA

Address

7456 16th Street E, Sarasota, FL, USA, 34243

Website

https://www.heliostechnologies.com

Helios Technologies Inc is a United States-based industrial technology company that develops, manufactures, and markets solutions for the hydraulics and electronics markets. It operates under two business segments: Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic cartridge valves, hydraulic quick release couplings as well as engineers complete hydraulic systems. The Electronics segment designs and manufactures customized electronic controls systems and displays for a variety of end markets including industrial and mobile, recreational and health and wellness.

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