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Hermes Pacific Investments (LSE:HPAC) Receivables Turnover : 0.33 (As of Sep. 2023)


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What is Hermes Pacific 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. Hermes Pacific Investments's Revenue for the six months ended in Sep. 2023 was £0.01 Mil. Hermes Pacific Investments's average Accounts Receivable for the six months ended in Sep. 2023 was £0.04 Mil. Hence, Hermes Pacific Investments's Receivables Turnover for the six months ended in Sep. 2023 was 0.33.


Hermes Pacific Investments Receivables Turnover Historical Data

The historical data trend for Hermes Pacific 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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Hermes Pacific Investments Receivables Turnover Chart

Hermes Pacific Investments Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
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Hermes Pacific Investments Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - - 1.75 3.50 0.33

Competitive Comparison of Hermes Pacific Investments's Receivables Turnover

For the Asset Management subindustry, Hermes Pacific 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.


Hermes Pacific Investments's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hermes Pacific Investments's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hermes Pacific Investments's Receivables Turnover falls into.



Hermes Pacific Investments Receivables Turnover Calculation

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

Hermes Pacific Investments's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=0.021 / ((0 + 0) / 1 )
=0.021 / 0
=N/A

Hermes Pacific Investments's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=0.014 / ((0 + 0.043) / 1 )
=0.014 / 0.043
=0.33

* 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.


Hermes Pacific Investments  (LSE:HPAC) 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.


Hermes Pacific Investments Receivables Turnover Related Terms

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Hermes Pacific Investments (LSE:HPAC) Business Description

Traded in Other Exchanges
N/A
Address
22 Great James Street, London, GBR, WC1N 3ES
Hermes Pacific Investments PLC is a part of the financial services sector. It is an investment company and it has its investments focused on the emerging markets. The company follows a of focusing investments in either quoted or unquoted investments made by direct acquisitions of equity interests, partnerships, joint ventures, and other projects in South East Asia.

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