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. HP's Revenue for the
three
months ended in Jan. 2024 was $13,185 Mil. HP's average Accounts Receivable for the
three
months ended in Jan. 2024 was $4,021 Mil.
Hence, HP's Receivables Turnover for the
three
months ended in Jan. 2024 was 3.28.
HP Receivables Turnover Historical Data
The historical data trend for HP'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 HP's Receivables Turnover
For the Computer Hardware subindustry, HP'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.
HP's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, HP's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where HP's Receivables Turnover falls into.
HP Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
HP's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as
* 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.
HP (NYSE:HPQ) 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.
HP Receivables Turnover Related Terms
Thank you for viewing the detailed overview of HP's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
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