Harris Technology Group (ASX:HT8) Receivables Turnover : 6.11 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Harris Technology Group 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. Harris Technology Group's Revenue for the six months ended in Dec. 2023 was A$8.83 Mil. Harris Technology Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.45 Mil. Hence, Harris Technology Group's Receivables Turnover for the six months ended in Dec. 2023 was 6.11.

Harris Technology Group Receivables Turnover Historical Data

The historical data trend for Harris Technology Group'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.

Harris Technology Group Receivables Turnover Chart

Harris Technology Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

3.38

16.54

20.04

17.90

12.30

Harris Technology Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															8.28	7.06	6.55	4.72	6.11

Competitive Comparison of Harris Technology Group's Receivables Turnover

For the Internet Retail subindustry, Harris Technology Group'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.

Harris Technology Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harris Technology Group's Receivables Turnover distribution charts can be found below:

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

Harris Technology Group Receivables Turnover Calculation

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

Harris Technology Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	24.186	/ (	(2.441	+	1.491)	/	2 )
=	24.186	/	1.966
=	12.30

Harris Technology Group'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 )
=	8.826	/ (	(1.491	+	1.4)	/	2 )
=	8.826	/	1.4455
=	6.11

Harris Technology Group (ASX:HT8) 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.

Harris Technology Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Harris Technology Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Harris Technology Group (ASX:HT8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Harris Technology Group Ltd (ASX:HT8) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Abbott Road, Hallam, Melbourne, VIC, AUS, 3803

Website

https://www.ht8.com.au

Harris Technology Group Ltd is engaged in technology distribution and online retailing businesses. The company engages in the online retail of IT products. It also imports and distributes computer accessories comprising peripherals and accessories to resellers and retailers; and distributed audio, video, and multimedia accessories to channel distributors, dealers, and retail chain stores. With E-Commerce systems developed, Harris Technology has the ability to rapidly list a large variety of products across multiple marketplaces efficiently with multiple images, product specifications and item descriptions. Geographically, it operates in Australia.

Harris Technology Group (ASX:HT8) Headlines

No Headlines