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. Hennessy Advisors's Revenue for the
three
months ended in Mar. 2024 was $6.94 Mil. Hennessy Advisors's average Accounts Receivable for the
three
months ended in Mar. 2024 was $2.36 Mil.
Hence, Hennessy Advisors's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.95.
Hennessy Advisors Receivables Turnover Historical Data
The historical data trend for Hennessy Advisors'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.
Competitive Comparison of Hennessy Advisors's Receivables Turnover
For the Asset Management subindustry, Hennessy Advisors'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.
Hennessy Advisors's Receivables Turnover Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Hennessy Advisors's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hennessy Advisors's Receivables Turnover falls into.
* 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.
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.
Hennessy Advisors Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Hennessy Advisors's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Hennessy Advisors (Hennessy Advisors) Business Description
Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HNNA has been successfully added to your 