New Hope (New Hope) Receivables Turnover : 5.42 (As of Jan. 2024)

View and export this data going back to 2010. Start your Free Trial

What is New Hope 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. New Hope's Revenue for the six months ended in Jan. 2024 was $568 Mil. New Hope's average Accounts Receivable for the six months ended in Jan. 2024 was $105 Mil. Hence, New Hope's Receivables Turnover for the six months ended in Jan. 2024 was 5.42.

New Hope Receivables Turnover Historical Data

The historical data trend for New Hope'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.

New Hope Receivables Turnover Chart

New Hope Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

Get a 7-Day Free Trial

16.52

21.49

18.35

8.95

8.71

New Hope Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															7.70	4.62	5.05	7.30	5.42

Competitive Comparison of New Hope's Receivables Turnover

For the Thermal Coal subindustry, New Hope'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.

New Hope's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, New Hope's Receivables Turnover distribution charts can be found below:

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

New Hope Receivables Turnover Calculation

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

New Hope's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	1821.078	/ (	(323.752	+	94.645)	/	2 )
=	1821.078	/	209.1985
=	8.71

New Hope's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	568.394	/ (	(94.645	+	115.111)	/	2 )
=	568.394	/	104.878
=	5.42

New Hope (OTCPK:NHPEF) 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.

New Hope Receivables Turnover Related Terms

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

New Hope (New Hope) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (OTCPK:NHPEF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OD8:Germany NHC:Australia

Address

175 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should produce around 13 million metric tons of equity salable thermal coal annually from fiscal 2027, up from around 8 million in fiscal 2023, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 15% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.

New Hope (New Hope) Headlines

From GuruFocus

New Hope Corp Ltd's Dividend Analysis

By GuruFocus Research • 10-23-2023