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Harvey Norman HoldingsHNORY 59 Receivables Turnover is 2.41 as of Dec. 2025. GuruFocus rates HNORY with a GF Score™ of 59/100 and a GF Value™ of $10.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Harvey Norman Holdings ranks worse than 86.47% on this metric.
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. Harvey Norman Holdings's Revenue for the
six
months ended in Dec. 2025 was $1,435 Mil. Harvey Norman Holdings's average Accounts Receivable for the
six
months ended in Dec. 2025 was $597 Mil.
Hence, Harvey Norman Holdings's Receivables Turnover for the
six
months ended in Dec. 2025 was 2.41.
Harvey Norman Holdings (OTCPK:HNORY) 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.
Harvey Norman Holdings Receivables Turnover Related Terms
Harvey Norman Holdings Receivables Turnover Historical Data
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The historical data trend for Harvey Norman Holdings'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.
HNORY vs CASY, WSM, DKS: Receivables Turnover Comparison
For the Specialty Retail subindustry, Harvey Norman Holdings'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.
Harvey Norman Holdings Receivables Turnover vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's Receivables Turnover falls into.
* 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.
Harvey Norman Holdings (HNORY) has a Receivables Turnover of 2.41 as of Dec. 2025. The accounts 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. View historical data on Harvey Norman Holdings and its competitors. According to the industry distribution chart, Harvey Norman Holdings ranks #952 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 86.5%.
Is Harvey Norman Holdings' Receivables Turnover too high?
Harvey Norman Holdings' current Receivables Turnover is 2.41. The Retail - Cyclical industry median Receivables Turnover is 19.36. Harvey Norman Holdings' value of 2.41 is 87.6% below this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #952 out of 1101 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Harvey Norman Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' Receivables Turnover compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #952 out of 1101 companies for Receivables Turnover. This places Harvey Norman Holdings in the lower half of its industry. The industry median Receivables Turnover is 19.36. Harvey Norman Holdings' value of 2.41 is 87.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Retail - Cyclical company?
The median Receivables Turnover among Retail - Cyclical companies is 19.36, based on 1,101 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current Receivables Turnover of 2.41 is 87.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median Receivables Turnover is 19.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current Receivables Turnover is 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvey Norman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Harvey Norman Holdings (HNORY) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.56, compared to a current price of $15.62 — trading 47.9% above its estimated fair value. The current Receivables Turnover is 2.41 and 87.6% below the Retail - Cyclical industry median of 19.36. Harvey Norman Holdings' overall GF Score™ is 59/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Harvey Norman Holdings (HNORY), the current Receivables Turnover is 2.41 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Harvey Norman Holdings (HNORY) Overvalued in 2026?
Based on GuruFocus' analysis, Harvey Norman Holdings stock appears to be overvalued.
The current stock price of $15.62 is trading 47.9% above its estimated GF Value™ of $10.56.
GuruFocus considers Harvey Norman Holdings to be Significantly Overvalued.
Key valuation signals for HNORY:
Receivables Turnover: 2.41
GF Value™: $10.56 vs. price of $15.62 (47.9% above fair value)
Industry Position: 87.6% below the Retail - Cyclical median (#952 of 1101)
No single metric tells the full story. See the HNORY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harvey Norman Holdings Limited is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.
59GF Score
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