Hanesbrands (NYSE:HBI) Receivables Turnover

: 2.10 (As of Jun. 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. Hanesbrands's Revenue for the three months ended in Jun. 2023 was $1,439 Mil. Hanesbrands's average Accounts Receivable for the three months ended in Jun. 2023 was $684 Mil. Hence, Hanesbrands's Receivables Turnover for the three months ended in Jun. 2023 was 2.10.

Hanesbrands Receivables Turnover Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

7.67

7.62

7.74

8.18

7.72

Hanesbrands Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Receivables Turnover																1.67	1.81	1.79	1.98	2.10

Competitive Comparison

For the Apparel Manufacturing subindustry, Hanesbrands'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

Hanesbrands Receivables Turnover Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hanesbrands's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hanesbrands'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.

Hanesbrands Receivables Turnover Calculation

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

Hanesbrands's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	6233.65	/ (	(894.151	+	721.396)	/	2 )
=	6233.65	/	807.7735
=	7.72

Hanesbrands's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	1438.98	/ (	(681.921	+	686.04)	/	2 )
=	1438.98	/	683.9805
=	2.10

Hanesbrands (NYSE:HBI) 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.

Hanesbrands Receivables Turnover Related Terms

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Hanesbrands (NYSE:HBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hanesbrands Inc (NYSE:HBI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HN9:Germany H1BI34:Brazil

Address

1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105

Website

https://www.hanes.com

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, Berlei, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers through stores and e-commerce. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

Executives

Mark A Irvin	director	7601 PENN AVENUE, RICHFIELD MN 55423
Michael Dastugue	officer: Chief Financial Officer	6501 LEGACY DRIVE, PLANO TX 75024
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Joseph W Cavaliere	officer: President Innerwear Global	1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
Markland Scott Lewis	officer: Chief Accounting Officer	1000 EAST HANES MILL ROAD, LEGAL DEPARTMENT, WINSTON-SALEM NC 27105
Michael E. Faircloth	officer: EVP Supply Chain - Global	1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Geralyn Breig	director	ONE OLD COUNTRY ROAD, SUITE 500, CARLE PLACE NY 11514
Scott A Pleiman	officer: See Remarks	1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
Robert F Moran	director	C/O GNC HOLDINGS, INC., 300 SIXTH AVENUE, PITTSBURGH PA 15222
Tracy M Preston	officer: GC, Corp Sec and CCO	1000 E. HANES MILL ROAD, WINSTON-SALEM NC 27105
James C Johnson	director	1901 CHOUTEAU AVENUE, P. O. BOX 66149, MC-1370, ST. LOUIS MO 63166-6149
Kristin L Oliver	officer: Chief Human Resources Officer	11215 METRO PARKWAY, FORT MYERS FL 33966
Franck J Moison	director	C/O COLGATE PALMOLIVE CO, 300 PARK AVE 15TH FL, NEW YORK NY 10022
Ann Elizabeth Ziegler	director	ONE EAST WACKER DR, CHICAGO IL 60601
Bobby J Griffin	director	C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902