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Hoffmann Green Cement Technologies (XPAR:ALHGR) Receivables Turnover : 1.03 (As of Dec. 2023)


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What is Hoffmann Green Cement Technologies 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. Hoffmann Green Cement Technologies's Revenue for the six months ended in Dec. 2023 was €4.31 Mil. Hoffmann Green Cement Technologies's average Accounts Receivable for the six months ended in Dec. 2023 was €4.17 Mil. Hence, Hoffmann Green Cement Technologies's Receivables Turnover for the six months ended in Dec. 2023 was 1.03.


Hoffmann Green Cement Technologies Receivables Turnover Historical Data

The historical data trend for Hoffmann Green Cement Technologies'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.

Hoffmann Green Cement Technologies Receivables Turnover Chart

Hoffmann Green Cement Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 0.85 0.58 1.77 0.97 1.63

Hoffmann Green Cement Technologies Semi-Annual Data
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 1.24 0.32 0.88 0.62 1.03

Competitive Comparison of Hoffmann Green Cement Technologies's Receivables Turnover

For the Building Materials subindustry, Hoffmann Green Cement Technologies'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.


Hoffmann Green Cement Technologies's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Hoffmann Green Cement Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hoffmann Green Cement Technologies's Receivables Turnover falls into.



Hoffmann Green Cement Technologies Receivables Turnover Calculation

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

Hoffmann Green Cement Technologies'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 )
=6.041 / ((2.319 + 5.073) / 2 )
=6.041 / 3.696
=1.63

Hoffmann Green Cement Technologies'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 )
=4.309 / ((3.267 + 5.073) / 2 )
=4.309 / 4.17
=1.03

* 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.


Hoffmann Green Cement Technologies  (XPAR:ALHGR) 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.


Hoffmann Green Cement Technologies Receivables Turnover Related Terms

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Hoffmann Green Cement Technologies (XPAR:ALHGR) Business Description

Traded in Other Exchanges
Address
6 rue de la Bretaudiere, Chaille under the Ormeaux, Rives-de-l Yon, FRA, 85310
Hoffmann Green Cement Technologies is engaged in the production of cement for construction and land use planning.

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