Hill (TSXV:HILL) Receivables Turnover : 2.86 (As of Dec. 2023)

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What is Hill 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. Hill's Revenue for the three months ended in Dec. 2023 was C$0.98 Mil. Hill's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.34 Mil. Hence, Hill's Receivables Turnover for the three months ended in Dec. 2023 was 2.86.

Hill Receivables Turnover Historical Data

The historical data trend for Hill'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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Hill Receivables Turnover Chart

Hill Annual Data

Trend

Apr16

Apr17

Apr18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.52

5.42

6.10

3.93

3.14

Hill Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.38	1.22	1.06	0.57	2.86

Competitive Comparison of Hill's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Hill'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.

Hill's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Hill's Receivables Turnover distribution charts can be found below:

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

Hill Receivables Turnover Calculation

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

Hill's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2.884	/ (	(1.32	+	0.516)	/	2 )
=	2.884	/	0.918
=	3.14

Hill'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.983	/ (	(0.283	+	0.404)	/	2 )
=	0.983	/	0.3435
=	2.86

Hill (TSXV:HILL) 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.

Hill Receivables Turnover Related Terms

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Hill (TSXV:HILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Hill Inc (TSXV:HILL) » Definitions » Receivables Turnover

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HSEEF:USA

Address

2410 Lucknow Drive, Unit No. 31, Mississauga, ON, CAN, L5S 1V1

Website

https://www.hillincorporated.com

Hill Inc utilizes technologies to provide innovative cannabis solutions and non-alcoholic beverage products globally. It is currently developing the platform for North American distribution around its DehydraTECH patent portfolio for product development, licensing, and B2B sales of cannabis ingredients.

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