Hudaco Industries (JSE:HDC) Receivables Turnover : 3.30 (As of Nov. 2023)

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What is Hudaco Industries 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. Hudaco Industries's Revenue for the six months ended in Nov. 2023 was R4,647 Mil. Hudaco Industries's average Accounts Receivable for the six months ended in Nov. 2023 was R1,410 Mil. Hence, Hudaco Industries's Receivables Turnover for the six months ended in Nov. 2023 was 3.30.

Hudaco Industries Receivables Turnover Historical Data

The historical data trend for Hudaco Industries'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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Hudaco Industries Receivables Turnover Chart

Hudaco Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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5.92

5.70

6.94

7.33

7.16

Hudaco Industries Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															3.51	3.25	3.51	3.12	3.30

Competitive Comparison of Hudaco Industries's Receivables Turnover

For the Industrial Distribution subindustry, Hudaco Industries'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.

Hudaco Industries's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Hudaco Industries's Receivables Turnover distribution charts can be found below:

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

Hudaco Industries Receivables Turnover Calculation

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

Hudaco Industries's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	8896.563	/ (	(1194.604	+	1291.711)	/	2 )
=	8896.563	/	1243.1575
=	7.16

Hudaco Industries's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	4646.563	/ (	(1528	+	1291.711)	/	2 )
=	4646.563	/	1409.8555
=	3.30

Hudaco Industries (JSE:HDC) 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.

Hudaco Industries Receivables Turnover Related Terms

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Hudaco Industries (JSE:HDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hudaco Industries Ltd (JSE:HDC) » Definitions » Receivables Turnover

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Address

Emerald Boulevard, Greenstone Hill, Building 9, 1st Floor, Greenstone Hill Office Park, Edenvale, GT, ZAF, 1609

Website

http://www.hudaco.co.za

Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Consumer-related product segment. Geographically, it derives a majority of revenue from South Africa.

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