Hewlett Packard Enterprise Co (FRA:2HP) Receivables Turnover

: 1.30 (As of Jan. 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. Hewlett Packard Enterprise Co's Revenue for the three months ended in Jan. 2023 was €7,247 Mil. Hewlett Packard Enterprise Co's average Accounts Receivable for the three months ended in Jan. 2023 was €5,561 Mil. Hence, Hewlett Packard Enterprise Co's Receivables Turnover for the three months ended in Jan. 2023 was 1.30.

Hewlett Packard Enterprise Co Receivables Turnover Historical Data

The historical data trend for Hewlett Packard Enterprise Co'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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Hewlett Packard Enterprise Co Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Receivables Turnover

6.63

4.64

3.94

3.81

4.09

Hewlett Packard Enterprise Co Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Receivables Turnover																1.29	2.22	2.35	1.51	1.30

Competitive Comparison

For the Communication Equipment subindustry, Hewlett Packard Enterprise Co'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.

Annual Data Quarterly Data

Hewlett Packard Enterprise Co Receivables Turnover Distribution

For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hewlett Packard Enterprise Co's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

Hewlett Packard Enterprise Co Receivables Turnover Calculation

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

Hewlett Packard Enterprise Co's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Receivables Turnover (A: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2022 )	/ (	(Accounts Receivable (A: Oct. 2021 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )
=	28923.43999932	/ (	(6641.7100001408	+	7488.669999824)	/	2 )
=	28923.43999932	/	7065.1899999824
=	4.09

Hewlett Packard Enterprise Co's Receivables Turnover for the quarter that ended in Jan. 2023 is calculated as

	Receivables Turnover (Q: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Jan. 2023 ))	/	count )
=	7246.7519999768	/ (	(7488.669999824	+	3633.1199999884)	/	2 )
=	7246.7519999768	/	5560.8949999062
=	1.30

Hewlett Packard Enterprise Co (FRA:2HP) 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.

Hewlett Packard Enterprise Co Receivables Turnover Related Terms

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Hewlett Packard Enterprise Co (FRA:2HP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hewlett Packard Enterprise Co (FRA:2HP) » Definitions » Receivables Turnover

Traded in Other Exchanges

HPE:USA HPE:Mexico 2HP:Germany H1PE34:Brazil HPE:Austria

Address

1701 East Mossy Oaks Road, Spring, TX, USA, 77389

Website

https://www.hpe.com

Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.

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