Harvest Technology (MAL:HRV) Receivables Turnover : 2.92 (As of Dec. 2023)

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What is Harvest Technology 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. Harvest Technology's Revenue for the six months ended in Dec. 2023 was €7.45 Mil. Harvest Technology's average Accounts Receivable for the six months ended in Dec. 2023 was €2.55 Mil. Hence, Harvest Technology's Receivables Turnover for the six months ended in Dec. 2023 was 2.92.

Harvest Technology Receivables Turnover Historical Data

The historical data trend for Harvest Technology'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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Harvest Technology Receivables Turnover Chart

Harvest Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.79

5.94

3.93

3.19

3.88

Harvest Technology Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					1.83	1.79	2.02	2.25	2.92

Competitive Comparison of Harvest Technology's Receivables Turnover

For the Information Technology Services subindustry, Harvest Technology'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.

Harvest Technology's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Harvest Technology's Receivables Turnover distribution charts can be found below:

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

Harvest Technology Receivables Turnover Calculation

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

Harvest Technology'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 )
=	14.647	/ (	(4.423	+	3.125)	/	2 )
=	14.647	/	3.774
=	3.88

Harvest Technology'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 )
=	7.449	/ (	(1.972	+	3.125)	/	2 )
=	7.449	/	2.5485
=	2.92

Harvest Technology (MAL:HRV) 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.

Harvest Technology Receivables Turnover Related Terms

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Harvest Technology (MAL:HRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology PLC (MAL:HRV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valletta Road, Nineteen Twenty Three, Marsa, MLT, MRS 3000

Website

https://www.harvest.tech

Harvest Technology PLC is an investment and holding company. It provides delivery of business solutions and technology (including integrated and automated solutions) and payment solutions and related services. The company's portfolio consists of entities delivering systems engineering, security solutions, e-commerce platforms, electronic payments solutions, networking and system maintenance, automation products, product development and IT outsourcing. The Group operates two business activities which are the sale of payment processing services and the provision of IT solutions and security systems.

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