HHS (Harte-Hanks) Receivables Turnover : 1.49 (As of Sep. 2024)

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What is Harte-Hanks 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. Harte-Hanks's Revenue for the three months ended in Sep. 2024 was $47.6 Mil. Harte-Hanks's average Accounts Receivable for the three months ended in Sep. 2024 was $31.9 Mil. Hence, Harte-Hanks's Receivables Turnover for the three months ended in Sep. 2024 was 1.49.

Harte-Hanks Receivables Turnover Historical Data

The historical data trend for Harte-Hanks'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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Harte-Hanks Receivables Turnover Chart

Harte-Hanks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.67

4.72

5.05

5.11

5.17

Harte-Hanks Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.36	1.46	1.35	1.42	1.49

Competitive Comparison of Harte-Hanks's Receivables Turnover

For the Conglomerates subindustry, Harte-Hanks'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.

Harte-Hanks's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Harte-Hanks's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harte-Hanks's Receivables Turnover falls into.

Harte-Hanks Receivables Turnover Calculation

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

Harte-Hanks'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 )
=	191.492	/ (	(39.7	+	34.313)	/	2 )
=	191.492	/	37.0065
=	5.17

Harte-Hanks's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	47.63	/ (	(30.564	+	33.275)	/	2 )
=	47.63	/	31.9195
=	1.49

Harte-Hanks (NAS:HHS) 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.

Harte-Hanks Receivables Turnover Related Terms

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Harte-Hanks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Harte-Hanks Inc (NAS:HHS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HHK1:Germany

Address

1 Executive Drive, Chelmsford, MA, USA, 01824

Website

https://www.hartehanks.com

Harte-Hanks Inc is a customer experience company. The Company operates three business segments: Marketing Services; Customer Care; and Fulfillment & Logistics Services. The company has a geographic presence in the United States and Other countries. The majority of the revenue is earned from the United States.

Executives

Bradley Louis Radoff	director	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Kirk A Davis	director, officer: Chief Executive Officer	C/O NEWM, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Griffin John H Jr	director
Brian Linscott	officer: Chief Operating Officer	864 N BEVERLY LANE, ARLINGTON HEIGHTS IL 60004
Laurilee Kearnes	officer: Chief Financial Officer	9601 MCALLISTER FREEWAY, SUITE 610, SAN ANTONIO TX 78216
Robert T. Wyman	officer: General Counsel	2 EAST MAIN STREET, GEORGETOWN MA 01833
David L Copeland	director	PO BOX 2791, ABILENE TX 79604
Andrew B Benett	officer: Chief Executive Officer	1850 N CENTRAL AVENUE, SUITE 1900, PHOENIX AZ 85004-4565
Genevieve Claire Combes	director	2000 POWELL STREET, SUITE 300, EMERYVILLE CA 94608
Tobia Alfred Victor Jr.	director	767 3RD AVENUE, SUITE 602, NEW YORK NY 10017
Maureen Oconnell	director
Evan Behrens	director	C/O SEACOR HOLDINGS INC., 2200 ELLER DRIVE, P.O. BOX 13038, FORT LAUDERDALE FL 33316
Priore Mark Del	officer: Chief Financial Officer	C/O SITO MOBILE, LTD., 100 TOWN SQUARE PLACE, SUITE 204, JERSEY CITY NJ 07310
Martin F Reidy	director	DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Timothy E. Breen	director	9601 MCALLISTER FREEWAY, SUITE 610, SAN ANTONIO TX 78216