HPCO (Hempacco Co) Receivables Turnover: 5.23 (As of Dec. 2023)

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What is Hempacco Co Receivables Turnover?

Hempacco Co HPCO Receivables Turnover is 5.23 as of Dec. 2023.

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. Hempacco Co's Revenue for the three months ended in Dec. 2023 was $2.04 Mil. Hempacco Co's average Accounts Receivable for the three months ended in Dec. 2023 was $0.39 Mil. Hence, Hempacco Co's Receivables Turnover for the three months ended in Dec. 2023 was 5.23.


Hempacco Co  (OTCPK:HPCO) 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.


Hempacco Co Receivables Turnover Related Terms


Hempacco Co Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Hempacco Co'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.

Hempacco Co Receivables Turnover Chart

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
57.67 8.24 15.32 17.52

Hempacco Co Quarterly Data
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 1.52 1.67 1.02 3.38 5.23

HPCO vs PM, MO: Receivables Turnover Comparison

For the Tobacco subindustry, Hempacco Co'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.


Hempacco Co Receivables Turnover vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Hempacco Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hempacco Co's Receivables Turnover falls into.



Hempacco Co Receivables Turnover Calculation

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

Hempacco Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=4.046 / ((0.236 + 0.226) / 2 )
=4.046 / 0.231
=17.52

Hempacco Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=2.041 / ((0.554 + 0.226) / 2 )
=2.041 / 0.39
=5.23

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 5.23 mean?
Hempacco Co (HPCO) has a Receivables Turnover of 5.23 as of Dec. 2023. 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 Hempacco Co and its competitors.
Is Hempacco Co's Receivables Turnover too high?
Hempacco Co's current Receivables Turnover is 5.23. The Tobacco Products industry median Receivables Turnover is 9.95. Hempacco Co's value of 5.23 is 47.4% below this industry median.
How does Hempacco Co's Receivables Turnover compare to PM and MO?
Hempacco Co's Receivables Turnover of 5.23 can be compared against companies in the Tobacco Products industry. The industry median Receivables Turnover is 9.95. Hempacco Co's value of 5.23 is 47.4% 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 Tobacco Products company?
The median Receivables Turnover among Tobacco Products companies is 9.95, based on 47 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. Hempacco Co's current Receivables Turnover of 5.23 is 47.4% 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 Hempacco Co and its competitors. For the Tobacco Products industry, the median Receivables Turnover is 9.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hempacco Co's current Receivables Turnover is 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hempacco Co stock overvalued right now?
Hempacco Co (HPCO) has a current Receivables Turnover of 5.23. The current Receivables Turnover is 5.23 and 47.4% below the Tobacco Products industry median of 9.95. 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 Hempacco Co (HPCO), the current Receivables Turnover is 5.23 as of Dec. 2023. 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.

Hempacco Co Business Description

Address 9925 Airway Road, San Diego, CA, USA, 92154
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.