Hightech Payment Systems (CAS:HPS) Receivables Turnover : 0.70 (As of Dec. 2024)

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What is Hightech Payment Systems 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. Hightech Payment Systems's Revenue for the six months ended in Dec. 2024 was MAD651 Mil. Hightech Payment Systems's average Accounts Receivable for the six months ended in Dec. 2024 was MAD928 Mil. Hence, Hightech Payment Systems's Receivables Turnover for the six months ended in Dec. 2024 was 0.70.

Hightech Payment Systems Receivables Turnover Historical Data

The historical data trend for Hightech Payment Systems'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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Hightech Payment Systems Receivables Turnover Chart

Hightech Payment Systems Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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1.06

1.36

1.34

1.30

1.32

Hightech Payment Systems Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.64	0.64	0.67	0.63	0.70

Competitive Comparison of Hightech Payment Systems's Receivables Turnover

For the Software - Infrastructure subindustry, Hightech Payment Systems'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.

Hightech Payment Systems's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hightech Payment Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hightech Payment Systems's Receivables Turnover falls into.

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Hightech Payment Systems Receivables Turnover Calculation

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

Hightech Payment Systems's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1204.348	/ (	(861.761	+	961.067)	/	2 )
=	1204.348	/	911.414
=	1.32

Hightech Payment Systems's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	651.367	/ (	(895.745	+	961.067)	/	2 )
=	651.367	/	928.406
=	0.70

Hightech Payment Systems (CAS:HPS) 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.

Hightech Payment Systems Receivables Turnover Related Terms

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Hightech Payment Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hightech Payment Systems SA (CAS:HPS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100, Boulevard Al Qods - Sidi Maarouf, Casablanca Nearshore Park, Shore 1, Casablanca, MAR, 20270

Website

https://www.hps-worldwide.com

Hightech Payment Systems SA is the group that provides solutions and services involving electronic payment. The group offers are structured in the following business units - HPS Solutions, HPS Processing, HPS Services, Safety, and Other Products. HPS Solutions designs, develops, markets, installs, and supports a suite of multi-channel electronic payment solutions. PowerCARD software suite offers comprehensive, configurable and scalable solutions to meet the user needs. The company's software and services are sold covering many geographical areas such as Europe, Americas, Africa and the Middle East and Asia. The group's majority revenue is generated from the sale of HPS solutions.