Hosken Consolidated Investments (JSE:HCI) Receivables Turnover : 6.62 (As of Mar. 2024)

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What is Hosken Consolidated Investments 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. Hosken Consolidated Investments's Revenue for the six months ended in Mar. 2024 was R11,842 Mil. Hosken Consolidated Investments's average Accounts Receivable for the six months ended in Mar. 2024 was R1,788 Mil. Hence, Hosken Consolidated Investments's Receivables Turnover for the six months ended in Mar. 2024 was 6.62.

Hosken Consolidated Investments Receivables Turnover Historical Data

The historical data trend for Hosken Consolidated Investments'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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Hosken Consolidated Investments Receivables Turnover Chart

Hosken Consolidated Investments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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13.32

11.03

17.41

18.88

18.34

Hosken Consolidated Investments Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															6.78	6.90	7.20	6.93	6.62

Competitive Comparison of Hosken Consolidated Investments's Receivables Turnover

For the Conglomerates subindustry, Hosken Consolidated Investments'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.

Hosken Consolidated Investments's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hosken Consolidated Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hosken Consolidated Investments's Receivables Turnover falls into.

Hosken Consolidated Investments Receivables Turnover Calculation

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

Hosken Consolidated Investments's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	23733.226	/ (	(1221.237	+	1366.343)	/	2 )
=	23733.226	/	1293.79
=	18.34

Hosken Consolidated Investments'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	11841.59	/ (	(2208.837	+	1366.343)	/	2 )
=	11841.59	/	1787.59
=	6.62

Hosken Consolidated Investments (JSE:HCI) 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.

Hosken Consolidated Investments Receivables Turnover Related Terms

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Hosken Consolidated Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hosken Consolidated Investments Ltd (JSE:HCI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Regent Road, Suite 801, Sea Point, Cape Town, WC, ZAF, 8005

Website

https://www.hci.co.za

Hosken Consolidated Investments Ltd is an investment holdings company. The group is involved in a diverse group of investments including Media and broadcasting; Gaming; Transport; Properties; Coal mining; Branded products and manufacturing and other. It generates maximum revenue from the Branded products and manufacturing segment.