Hilton Grand Vacations Inc (HGV)
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 | 4,981,000 | 4,716,000 | 4,428,000 | 4,200,000 | 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 |
| Receivables | US$ in thousands | 315,000 | 400,000 | 524,000 | 515,000 | 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 |
| Receivables turnover | 15.81 | 11.79 | 8.45 | 8.16 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,981,000K ÷ $315,000K
= 15.81
Hilton Grand Vacations Inc's receivables turnover ratio has fluctuated over the past few years, indicating varying efficiency in collecting receivables. The ratio was 11.01 as of March 31, 2020, showing a relatively high turnover rate. However, this figure decreased to 3.76 by June 30, 2020, suggesting a significant decline in the efficiency of collecting receivables during that period.
Subsequently, the receivables turnover improved to 10.55 on September 30, 2020, but declined again to 7.51 by December 31, 2020. This trend continued with fluctuations in the ratio over the following quarters, reaching a low of 4.50 on June 30, 2021.
The company showed a slight improvement in collecting receivables with a ratio of 9.25 as of September 30, 2022. However, this was followed by fluctuations in the ratio over the subsequent quarters.
Overall, Hilton Grand Vacations Inc's receivables turnover ratio demonstrates some inconsistency in the efficiency of collecting receivables, with periods of significant improvement followed by declines. The company may need to focus on implementing strategies to maintain a more stable and efficient collection process to ensure healthier cash flows and overall financial performance.