Hunting (FRA:0YT) Receivables Turnover

: 2.06 (As of Dec. 2023)

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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. Hunting's Revenue for the six months ended in Dec. 2023 was €413.8 Mil. Hunting's average Accounts Receivable for the six months ended in Dec. 2023 was €201.1 Mil. Hence, Hunting's Receivables Turnover for the six months ended in Dec. 2023 was 2.06.

Hunting Receivables Turnover Historical Data

The historical data trend for Hunting'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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Hunting Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.65

4.38

4.50

4.79

4.73

Hunting 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																2.40	2.49	2.33	2.28	2.06

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Hunting'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.

Hunting Receivables Turnover Distribution

For the Oil & Gas industry and Energy sector, Hunting's Receivables Turnover distribution charts can be found below:

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

Hunting Receivables Turnover Calculation

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

Hunting'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 )
=	851.985	/ (	(172.846	+	187.71)	/	2 )
=	851.985	/	180.278
=	4.73

Hunting'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 )
=	413.842	/ (	(214.505	+	187.71)	/	2 )
=	413.842	/	201.1075
=	2.06

Hunting (FRA:0YT) 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.

Hunting Receivables Turnover Related Terms

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Hunting (FRA:0YT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hunting PLC (FRA:0YT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HNTIY:USA HNTIF:USA HTGl:UK HTG:UK 0YT:Germany

Address

30 Panton Street, 5th Floor, London, GBR, SW1Y 4AJ

Website

https://www.huntingplc.com

Hunting PLC manufactures and distributes products that enable the extraction of oil and gas. The company has a client base that includes many of the world's international oil and gas companies. Primary product lines include well construction, well completion, and well intervention. Well completion activities provide Hunting with the most revenue of the three segments. Products provided by this segment include connection technologies that protect the wellbore from annular pressure buildup, drilling tools, and a host of other tools for oil and gas well completions.

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