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Hill & Smith (Hill & Smith) Receivables Turnover : 2.91 (As of Dec. 2023)


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What is Hill & Smith 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 & Smith's Revenue for the six months ended in Dec. 2023 was $518 Mil. Hill & Smith's average Accounts Receivable for the six months ended in Dec. 2023 was $178 Mil. Hence, Hill & Smith's Receivables Turnover for the six months ended in Dec. 2023 was 2.91.


Hill & Smith Receivables Turnover Historical Data

The historical data trend for Hill & Smith'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 & Smith Receivables Turnover Chart

Hill & Smith Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.43 5.64 5.68 5.89 6.92

Hill & Smith Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.30 2.55 2.73 2.95 2.91

Competitive Comparison of Hill & Smith's Receivables Turnover

For the Engineering & Construction subindustry, Hill & Smith'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 & Smith's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hill & Smith's Receivables Turnover distribution charts can be found below:

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



Hill & Smith Receivables Turnover Calculation

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

Hill & Smith'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 )
=1050.38 / ((153.593 + 149.873) / 2 )
=1050.38 / 151.733
=6.92

Hill & Smith's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=517.722 / ((206.439 + 149.873) / 2 )
=517.722 / 178.156
=2.91

* 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 & Smith  (OTCPK:HSHPF) 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 & Smith Receivables Turnover Related Terms

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Hill & Smith (Hill & Smith) Business Description

Traded in Other Exchanges
Address
Westhaven House, Arleston Way, Shirley, Solihull, West Midlands, GBR, B90 4LH
Hill & Smith PLC creates sustainable infrastructure and safe transport through innovation. It is organized into three main business divisions. Galvanizing Services increase the sustainability and maintenance-free life of steel products including structural steelwork, lighting, bridges, agricultural and other products for the industrial and infrastructure markets. Engineered Solutions supplies engineered steel and composite solutions for a wide range of infrastructure markets including energy generation and distribution, marine, rail, and housing. Roads & Security division supplies products and services to support road and highway infrastructure including temporary and permanent road safety barriers, renewable energy lighting and power solutions, and Intelligent Traffic Solutions.

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