Hansard Global (Hansard Global) Receivables Turnover : 17.11 (As of Dec. 2023)

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What is Hansard Global 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. Hansard Global's Revenue for the six months ended in Dec. 2023 was $30.25 Mil. Hansard Global's average Accounts Receivable for the six months ended in Dec. 2023 was $1.77 Mil. Hence, Hansard Global's Receivables Turnover for the six months ended in Dec. 2023 was 17.11.

Hansard Global Receivables Turnover Historical Data

The historical data trend for Hansard Global'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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Hansard Global Receivables Turnover Chart

Hansard Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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21.40

28.93

34.62

34.92

35.55

Hansard Global Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															17.06	19.66	18.87	16.28	17.11

Competitive Comparison of Hansard Global's Receivables Turnover

For the Insurance - Life subindustry, Hansard Global'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.

Hansard Global's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Hansard Global's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hansard Global's Receivables Turnover falls into.

Hansard Global Receivables Turnover Calculation

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

Hansard Global's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	57.702	/ (	(1.478	+	1.768)	/	2 )
=	57.702	/	1.623
=	35.55

Hansard Global's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	30.253	/ (	(1.768	+	0)	/	1 )
=	30.253	/	1.768
=	17.11

Hansard Global (OTCPK:HNRDF) 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.

Hansard Global Receivables Turnover Related Terms

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Hansard Global (Hansard Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hansard Global PLC (OTCPK:HNRDF) » Definitions » Receivables Turnover

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Address

55 Athol Street, Box 192, Douglas, IMN, IM99 1QL

Website

https://www.hansard.com

Hansard Global PLC is a holding company. Its activities include the transaction of life assurance business and related activities. Its only operating segment being the distribution and servicing of long-term investment products. Geographically, it derives a majority of revenue from the Isle of Man and also has a presence in the Republic of Ireland and the Bahamas. It focuses on helping financial advisors and institutions to provide their clients with saving and investment products in secure life assurance wrappers to meet long-term savings and investment objectives.

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