Hilton Grand Vacations Inc (HGV)
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 | 3,978,000 | 3,951,000 | 4,049,000 | 3,990,000 | 3,835,000 | 3,681,000 | 3,493,000 | 2,879,000 | 2,335,000 | 1,709,000 | 989,000 | 778,000 | 894,000 | 1,150,000 | 1,408,000 | 1,739,000 | 1,838,000 | 2,012,000 | 1,973,000 | 2,082,000 |
| Receivables | US$ in thousands | 507,000 | 441,000 | 485,000 | 503,000 | 511,000 | 398,000 | 413,000 | 447,000 | 302,000 | 278,000 | 220,000 | 111,000 | 119,000 | 109,000 | 374,000 | 158,000 | 174,000 | 137,000 | — | — |
| Receivables turnover | 7.85 | 8.96 | 8.35 | 7.93 | 7.50 | 9.25 | 8.46 | 6.44 | 7.73 | 6.15 | 4.50 | 7.01 | 7.51 | 10.55 | 3.76 | 11.01 | 10.56 | 14.69 | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,978,000K ÷ $507,000K
= 7.85
The Receivables Turnover ratio for Hilton Grand Vacations Inc over the past eight quarters has shown some variation. The ratio measures how efficiently the company collects its outstanding receivables during a specific period.
In Q3 2022, the company had the highest receivables turnover of 9.25, indicating that Hilton Grand Vacations collected its outstanding receivables nearly 9.25 times during that quarter. This suggests that the company was very efficient in managing its receivables and collecting payments from its customers.
However, in Q1 2022, the receivables turnover was the lowest at 6.44, indicating that Hilton Grand Vacations took longer to collect payments from its customers during that quarter compared to other periods.
Overall, the company's receivables turnover has exhibited fluctuations, but it remained relatively healthy, staying above 7. This indicates that Hilton Grand Vacations has been effective in managing its accounts receivable and converting them into cash, which is crucial for its financial stability and liquidity.