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. HNI's Revenue for the
three
months ended in Dec. 2023 was $680 Mil. HNI's average Accounts Receivable for the
three
months ended in Dec. 2023 was $251 Mil.
Hence, HNI's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.71.
HNI Receivables Turnover Historical Data
The historical data trend for HNI'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.
Competitive Comparison of HNI's Receivables Turnover
For the Business Equipment & Supplies subindustry, HNI'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.
HNI's Receivables Turnover Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, HNI's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where HNI's Receivables Turnover falls into.
HNI Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
HNI's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
HNI (NYSE:HNI) 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.
HNI Receivables Turnover Related Terms
Thank you for viewing the detailed overview of HNI's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its workplace furnishing, which consists of panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. Residential building products include a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, Mainland China, Hong Kong, India, Mexico, and Taiwan.
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