Hilton Food Group (LSE:HFG) Receivables Turnover : 7.78 (As of Dec. 2023)

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What is Hilton Food 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. Hilton Food Group's Revenue for the six months ended in Dec. 2023 was £1,866 Mil. Hilton Food Group's average Accounts Receivable for the six months ended in Dec. 2023 was £240 Mil. Hence, Hilton Food Group's Receivables Turnover for the six months ended in Dec. 2023 was 7.78.

Hilton Food Group Receivables Turnover Historical Data

The historical data trend for Hilton Food 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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Hilton Food Group Receivables Turnover Chart

Hilton Food Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.11

15.59

17.81

18.42

18.30

Hilton Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jul16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															7.93	8.76	7.67	8.88	7.78

Competitive Comparison of Hilton Food Group's Receivables Turnover

For the Packaged Foods subindustry, Hilton Food 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.

Hilton Food Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hilton Food Group's Receivables Turnover distribution charts can be found below:

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

Hilton Food Group Receivables Turnover Calculation

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

Hilton Food Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3989.547	/ (	(217.038	+	218.882)	/	2 )
=	3989.547	/	217.96
=	18.30

Hilton Food Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1866.408	/ (	(261.209	+	218.882)	/	2 )
=	1866.408	/	240.0455
=	7.78

Hilton Food Group (LSE:HFG) 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.

Hilton Food Group Receivables Turnover Related Terms

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Hilton Food Group (LSE:HFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hilton Food Group PLC (LSE:HFG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HFGl:UK HFG.GB:UK FAG:Germany

Address

Latham Road, 2-8 The Interchange, Huntingdon, Cambridgeshire, GBR, PE29 6YE

Website

https://www.hiltonfoods.com

Hilton Food Group PLC is engaged in the specialist retail meat-packing business supplying international food retailers in Europe, Australia, and New Zealand. It is into wholesaling of food protein products including meat, seafood, and vegetarian. The company has three operating segments, namely Europe (which consists of The United Kingdom, Netherlands, Belgium, the Republic of Ireland, Sweden, Denmark, Central Europe including Poland, the Czech Republic, Hungary, Slovakia, Latvia, Lithuania, and Estonia, and Portugal), APAC, and Central costs. The company derives a majority of its revenue from the European Countries.

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