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Haga Industria E Comercio (BSP:HAGA3) Receivables Turnover : 1.22 (As of Dec. 2023)


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What is Haga Industria E Comercio 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. Haga Industria E Comercio's Revenue for the three months ended in Dec. 2023 was R$6.58 Mil. Haga Industria E Comercio's average Accounts Receivable for the three months ended in Dec. 2023 was R$5.38 Mil. Hence, Haga Industria E Comercio's Receivables Turnover for the three months ended in Dec. 2023 was 1.22.


Haga Industria E Comercio Receivables Turnover Historical Data

The historical data trend for Haga Industria E Comercio'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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Haga Industria E Comercio Receivables Turnover Chart

Haga Industria E Comercio Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.54 4.22 5.90 5.38 5.42

Haga Industria E Comercio Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.27 1.14 1.33 1.22

Competitive Comparison of Haga Industria E Comercio's Receivables Turnover

For the Building Products & Equipment subindustry, Haga Industria E Comercio'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.


Haga Industria E Comercio's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Haga Industria E Comercio's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haga Industria E Comercio's Receivables Turnover falls into.



Haga Industria E Comercio Receivables Turnover Calculation

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

Haga Industria E Comercio'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 )
=28.764 / ((5.533 + 5.072) / 2 )
=28.764 / 5.3025
=5.42

Haga Industria E Comercio'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: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=6.579 / ((5.694 + 5.072) / 2 )
=6.579 / 5.383
=1.22

* 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.


Haga Industria E Comercio  (BSP:HAGA3) 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.


Haga Industria E Comercio Receivables Turnover Related Terms

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Haga Industria E Comercio (BSP:HAGA3) Business Description

Traded in Other Exchanges
Address
Av Engenheiro Hans Gaiser 26 - Prédio, Nova Friburgo, RJ, BRA, 28625220
Haga SA Industria E Comercio is engaged in manufacturing, trading and export of iron and other metal products, among others. Its products include locks and other products generally used in doors. Its objective is to manufacture, trade and export of iron artifacts, metals.

Haga Industria E Comercio (BSP:HAGA3) Headlines

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