Halliburton Company (HAL)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	22,947,000	23,075,000	23,182,000	23,147,000	23,020,000	22,864,000	22,417,000	21,693,000	20,258,000	18,954,000	17,457,000	16,090,000	15,299,000	14,259,000	13,374,000	12,863,000	14,281,000	16,232,000	18,808,000	21,542,000
Receivables	US$ in thousands	5,117,000	5,339,000	5,327,000	5,103,000	4,860,000	5,124,000	4,946,000	5,195,000	4,627,000	4,614,000	4,390,000	4,026,000	3,666,000	3,525,000	3,459,000	3,250,000	3,071,000	3,145,000	3,345,000	4,850,000
Receivables turnover		4.48	4.32	4.35	4.54	4.74	4.46	4.53	4.18	4.38	4.11	3.98	4.00	4.17	4.05	3.87	3.96	4.65	5.16	5.62	4.44

December 31, 2024 calculation

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

The receivables turnover ratio for Halliburton Company has fluctuated over the observed period, ranging from a low of 3.87 to a high of 5.62. The ratio indicates the efficiency with which the company is able to collect payments from its customers. A higher turnover ratio is generally preferred as it suggests that the company is collecting receivables more quickly.

From the data provided, we can see that there was an initial increase in the receivables turnover ratio from March 2020 to June 2020, indicating an improvement in the company's collection efficiency. However, the ratio then experienced some fluctuations but generally remained within a range, with slight increases and decreases over subsequent quarters.

Overall, the company's receivables turnover ratio has shown some variability but has generally remained relatively stable, indicating that Halliburton Company has been able to efficiently manage its accounts receivable and collect payments from its customers in a timely manner.