Hayat Pharmaceutical Industries Co (AMM:HPIC) Receivables Turnover : 2.78 (As of Dec. 2024)

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What is Hayat Pharmaceutical Industries Co 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. Hayat Pharmaceutical Industries Co's Revenue for the three months ended in Dec. 2024 was JOD5.79 Mil. Hayat Pharmaceutical Industries Co's average Accounts Receivable for the three months ended in Dec. 2024 was JOD2.08 Mil. Hence, Hayat Pharmaceutical Industries Co's Receivables Turnover for the three months ended in Dec. 2024 was 2.78.

Hayat Pharmaceutical Industries Co Receivables Turnover Historical Data

The historical data trend for Hayat Pharmaceutical Industries Co'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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Hayat Pharmaceutical Industries Co Receivables Turnover Chart

Hayat Pharmaceutical Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.46

10.81

4.18

2.74

4.67

Hayat Pharmaceutical Industries Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.41	0.43	0.52	0.89	2.78

Competitive Comparison of Hayat Pharmaceutical Industries Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Hayat Pharmaceutical Industries Co'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.

Hayat Pharmaceutical Industries Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hayat Pharmaceutical Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hayat Pharmaceutical Industries Co's Receivables Turnover falls into.

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Hayat Pharmaceutical Industries Co Receivables Turnover Calculation

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

Hayat Pharmaceutical Industries Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	16.709	/ (	(4.041	+	3.119)	/	2 )
=	16.709	/	3.58
=	4.67

Hayat Pharmaceutical Industries Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	5.785	/ (	(1.049	+	3.119)	/	2 )
=	5.785	/	2.084
=	2.78

Hayat Pharmaceutical Industries Co (AMM:HPIC) 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.

Hayat Pharmaceutical Industries Co Receivables Turnover Related Terms

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Hayat Pharmaceutical Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hayat Pharmaceutical Industries Co (AMM:HPIC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nile St. Al-Rajeeb, P.O. Box 1564, Amman, JOR, 11118

Website

https://www.hayatpharma.com

Hayat Pharmaceutical Industries Co is a Jordan based pharmaceutical manufacturing company. Its principal activity is producing human and veterinary in all its forms and medical stickers and stockings. The company is also involved in the production of medical supplies, body care lotions, cosmetics and initiating marketing campaigns as well as import and export operations. It has developed and registered hundred sixteen different dosage forms/pack sizes in the Jordan market representing fifty six different brands (molecules) in various therapeutic areas. Its products include Cardiovascular system, Infectious disease Dermatology, Gastrointestinal system, and Respiratory system.

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