Heron Lake BioEnergy LLC (Heron Lake BioEnergy LLC) Receivables Turnover : 16.69 (As of Jul. 2021)

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What is Heron Lake BioEnergy LLC 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. Heron Lake BioEnergy LLC's Revenue for the three months ended in Jul. 2021 was $50.0 Mil. Heron Lake BioEnergy LLC's average Accounts Receivable for the three months ended in Jul. 2021 was $3.0 Mil. Hence, Heron Lake BioEnergy LLC's Receivables Turnover for the three months ended in Jul. 2021 was 16.69.

Heron Lake BioEnergy LLC Receivables Turnover Historical Data

The historical data trend for Heron Lake BioEnergy LLC'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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Heron Lake BioEnergy LLC Receivables Turnover Chart

Heron Lake BioEnergy LLC Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Receivables Turnover

Get a 7-Day Free Trial

21.33

25.45

27.17

24.16

23.37

Heron Lake BioEnergy LLC Quarterly Data
	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21
Receivables Turnover	Get a 7-Day Free Trial															71.00	20.73	13.38	16.05	16.69

Competitive Comparison of Heron Lake BioEnergy LLC's Receivables Turnover

For the Oil & Gas E&P subindustry, Heron Lake BioEnergy LLC'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.

Heron Lake BioEnergy LLC's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Heron Lake BioEnergy LLC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Heron Lake BioEnergy LLC's Receivables Turnover falls into.

Heron Lake BioEnergy LLC Receivables Turnover Calculation

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

Heron Lake BioEnergy LLC's Receivables Turnover for the fiscal year that ended in Oct. 2020 is calculated as

	Receivables Turnover (A: Oct. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2020 )	/ (	(Accounts Receivable (A: Oct. 2019 )	+	Accounts Receivable (A: Oct. 2020 ))	/	count )
=	76.03	/ (	(4.891	+	1.616)	/	2 )
=	76.03	/	3.2535
=	23.37

Heron Lake BioEnergy LLC's Receivables Turnover for the quarter that ended in Jul. 2021 is calculated as

	Receivables Turnover (Q: Jul. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2021 )	/ (	(Accounts Receivable (Q: Apr. 2021 )	+	Accounts Receivable (Q: Jul. 2021 ))	/	count )
=	49.981	/ (	(2.576	+	3.414)	/	2 )
=	49.981	/	2.995
=	16.69

Heron Lake BioEnergy LLC (GREY:HLBYL) 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.

Heron Lake BioEnergy LLC Receivables Turnover Related Terms

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Heron Lake BioEnergy LLC (Heron Lake BioEnergy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heron Lake BioEnergy LLC (GREY:HLBYL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

91246 390th Avenue, Heron Lake, MN, USA, 56137-1375

Website

http://www.heronlakebioenergy.com

Heron Lake BioEnergy LLC owns and operates an ethanol plant near Heron Lake, Minnesota. It also produces and sells distillers grains with solubles and corn oil as co-products of ethanol production. It operates through two segments, Ethanol Production, and Natural Gas Pipeline. It derives a majority of revenue through the Ethanol Production segment which includes the company's operations at its ethanol plant, including the production and sale of ethanol and its co-products. The business activity is primarily functioned through the region of the United States.

Heron Lake BioEnergy LLC (Heron Lake BioEnergy LLC) Headlines

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