GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Hill Inc (OTCPK:HSEEF) » Definitions » Receivables Turnover

Hill (HSEEF) Receivables Turnover : 1.07 (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Hill 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. Hill's Revenue for the three months ended in Mar. 2024 was $0.39 Mil. Hill's average Accounts Receivable for the three months ended in Mar. 2024 was $0.36 Mil. Hence, Hill's Receivables Turnover for the three months ended in Mar. 2024 was 1.07.


Hill Receivables Turnover Historical Data

The historical data trend for Hill'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.

* Premium members only.

Hill Receivables Turnover Chart

Hill Annual Data
Trend Apr16 Apr17 Apr18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial 5.50 5.38 6.46 3.90 3.06

Hill Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 1.08 0.56 2.87 1.07

Competitive Comparison of Hill's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Hill'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.


Hill's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Hill's Receivables Turnover distribution charts can be found below:

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



Hill Receivables Turnover Calculation

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

Hill's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=2.171 / ((1.031 + 0.388) / 2 )
=2.171 / 0.7095
=3.06

Hill's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=0.389 / ((0.301 + 0.428) / 2 )
=0.389 / 0.3645
=1.07

* 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.


Hill  (OTCPK:HSEEF) 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.


Hill Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Hill's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Hill Business Description

Traded in Other Exchanges
Address
2410 Lucknow Drive, Unit No. 31, Mississauga, ON, CAN, L5S 1V1
Hill Inc utilizes technologies to provide innovative cannabis solutions and non-alcoholic beverage products globally. It is currently developing the platform for North American distribution around its DehydraTECH patent portfolio for product development, licensing, and B2B sales of cannabis ingredients.