Halliburton Company (HAL)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 22,410,000 | 23,154,000 | 23,775,000 | 23,992,000 |
| Receivables | US$ in thousands | 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 | 4,577,000 | 5,290,000 | 5,700,000 | 5,622,000 |
| Receivables turnover | 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 | 4.90 | 4.38 | 4.17 | 4.27 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $23,020,000K ÷ $4,860,000K
= 4.74
Halliburton Co.'s receivables turnover ratio has shown fluctuations over the past eight quarters. The ratio measures how efficiently the company is collecting payments from its customers. A higher turnover ratio indicates that the company is able to collect payments quicker, while a lower ratio suggests slower collection.
In Q4 2023, the receivables turnover ratio was 4.74, which was higher compared to the previous quarter, indicating an improvement in the company's ability to collect receivables. This could be a positive sign of strong customer payment practices or effective credit management.
Looking at the trend over the past eight quarters, the receivables turnover ratio has generally been stable, hovering around the 4.00 to 4.50 range. This consistency suggests that Halliburton Co. has been effectively managing its accounts receivables and maintaining a steady collection process.
Overall, based on the data provided, Halliburton Co.'s receivables turnover ratio appears to be relatively healthy, indicating that the company is efficiently collecting payments from its customers. However, it is important for the company to continue monitoring and managing its receivables effectively to ensure optimal cash flow and liquidity.
Peer comparison
Dec 31, 2023