Hanesbrands Inc (HBI)
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 | 5,636,530 | 5,812,990 | 5,972,420 | 6,046,910 | 6,233,660 | 6,512,720 | 6,631,530 | 6,869,370 | 6,796,660 | 6,733,450 | 6,752,170 | 6,739,640 | 6,550,530 | 6,612,390 | 6,671,090 | 6,693,240 | 6,966,920 | 6,984,220 | 6,965,960 | 6,920,470 |
| Receivables | US$ in thousands | 557,729 | 712,828 | 686,040 | — | 721,396 | 926,666 | 918,253 | 898,420 | 894,151 | 928,039 | 960,993 | 807,738 | 768,221 | 984,571 | 1,196,830 | 725,092 | 815,210 | 1,033,940 | 1,011,820 | 932,875 |
| Receivables turnover | 10.11 | 8.15 | 8.71 | — | 8.64 | 7.03 | 7.22 | 7.65 | 7.60 | 7.26 | 7.03 | 8.34 | 8.53 | 6.72 | 5.57 | 9.23 | 8.55 | 6.75 | 6.88 | 7.42 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,636,530K ÷ $557,729K
= 10.11
The receivables turnover ratio for Hanesbrands Inc has fluctuated over the past few quarters. It measures how efficiently the company is able to collect cash from its credit sales within a specific period.
In the most recent quarter, the receivables turnover ratio was 10.11 times, indicating that Hanesbrands collected its outstanding receivables approximately 10 times during the period. This suggests that the company is efficient in collecting payments from its customers.
Looking at the trend over the past several quarters, we can see variations in the receivables turnover ratio. There was a noticeable increase in the ratio from the first quarter of 2020 to the second quarter of 2021, peaking at 9.23 in the first quarter of 2020. However, there were also periods where the ratio decreased, such as in the second quarter of 2023 when it dropped to 7.03.
Overall, a higher receivables turnover ratio is generally considered positive as it indicates that the company is able to collect cash from credit sales quickly. However, it is important to consider industry benchmarks and compare the ratio to competitors to gain a better understanding of Hanesbrands' performance in managing its receivables turnover.