Halfords Group (LSE:HFD) Receivables Turnover : 7.73 (As of Sep. 2023)

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What is Halfords Group 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. Halfords Group's Revenue for the six months ended in Sep. 2023 was £874 Mil. Halfords Group's average Accounts Receivable for the six months ended in Sep. 2023 was £113 Mil. Hence, Halfords Group's Receivables Turnover for the six months ended in Sep. 2023 was 7.73.

Halfords Group Receivables Turnover Historical Data

The historical data trend for Halfords Group'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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Halfords Group Receivables Turnover Chart

Halfords Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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33.69

81.92

56.07

43.13

32.45

Halfords Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															10.92	10.39	9.77	8.89	7.73

Competitive Comparison of Halfords Group's Receivables Turnover

For the Specialty Retail subindustry, Halfords Group'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.

Halfords Group's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Halfords Group's Receivables Turnover distribution charts can be found below:

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

Halfords Group Receivables Turnover Calculation

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

Halfords Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1593.5	/ (	(34.6	+	63.6)	/	2 )
=	1593.5	/	49.1
=	32.45

Halfords Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	873.5	/ (	(63.6	+	162.5)	/	2 )
=	873.5	/	113.05
=	7.73

Halfords Group (LSE:HFD) 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.

Halfords Group Receivables Turnover Related Terms

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Halfords Group (LSE:HFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Halfords Group PLC (LSE:HFD) » Definitions » Receivables Turnover

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Traded in Other Exchanges

HLFDY:USA HLFDF:USA HFDl:UK

Address

Icknield Street Drive, Washford West, Redditch, Worcestershire, GBR, B98 0DE

Website

https://www.halfordscompany.com

Halfords Group PLC is a British retailer of automotive and cycling products. The company also provides repair services. The company operates retail stores and auto centers in the United Kingdom and Ireland, and it participates in online retail as well. The business is divided into two segments: retail and auto centers. The retail segment operates retail outlets for its automotive, leisure, and cycling products. The auto centers segment operates centers for car servicing and repair in the U.K. Halfords' key cycling brands include Apollo, Carrera, and Boardman, but the company offers third-party bike brands as well.

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