Halliburton Company (HAL)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	22,947,000	23,020,000	20,258,000	15,299,000	14,281,000
Receivables	US$ in thousands	5,117,000	4,860,000	4,627,000	3,666,000	3,071,000
Receivables turnover		4.48	4.74	4.38	4.17	4.65

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $22,947,000K ÷ $5,117,000K
= 4.48

Halliburton Company's receivables turnover has shown some fluctuation over the five-year period from December 31, 2020, to December 31, 2024. The receivables turnover ratio indicates how efficiently a company is able to collect outstanding receivables from its customers during a specific period.

- In December 31, 2020, the receivables turnover ratio was 4.65, suggesting that Halliburton converted its receivables into cash approximately 4.65 times during that year.
- The ratio decreased to 4.17 by December 31, 2021, indicating a potential slowdown in the collection of receivables.
- By December 31, 2022, the ratio improved to 4.38, showing a slight increase in efficiency in collecting receivables compared to the previous year.
- In December 31, 2023, the receivables turnover ratio increased further to 4.74, indicating improved efficiency in collecting receivables compared to the previous year.
- However, by December 31, 2024, the ratio decreased to 4.48, suggesting a slight dip in the efficiency of converting receivables into cash compared to the previous year.

Overall, the trend in Halliburton's receivables turnover indicates fluctuations in the efficiency of collecting outstanding receivables over the five-year period. It is essential for the company to monitor and manage its receivables effectively to ensure a healthy cash flow and financial stability.