Hillenbrand Inc (HI)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,182,800 | 3,108,000 | 3,038,000 | 2,943,600 | 2,826,000 | 2,667,100 | 2,530,300 | 2,405,100 | 2,315,300 | 1,842,900 | 1,958,200 | 2,114,800 | 2,241,400 | 2,803,600 | 2,716,000 | 2,642,600 | 2,517,000 | 2,309,100 | 2,148,200 | 1,963,900 |
| Receivables | US$ in thousands | 652,800 | 680,400 | 678,200 | 639,700 | 658,900 | 598,700 | 634,000 | 596,900 | 525,600 | 501,800 | 479,500 | 446,400 | 445,400 | 417,800 | 442,600 | 465,900 | 417,600 | 463,400 | 480,100 | 550,200 |
| Receivables turnover | 4.88 | 4.57 | 4.48 | 4.60 | 4.29 | 4.45 | 3.99 | 4.03 | 4.41 | 3.67 | 4.08 | 4.74 | 5.03 | 6.71 | 6.14 | 5.67 | 6.03 | 4.98 | 4.47 | 3.57 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,182,800K ÷ $652,800K
= 4.88
The receivables turnover of Hillenbrand Inc has shown fluctuating trends over the past few quarters. The turnover ratio measures how efficiently a company is collecting its accounts receivables. A higher turnover ratio indicates that the company is collecting its outstanding receivables more quickly.
Looking at the data provided, the receivables turnover ratio for Hillenbrand Inc has varied between 3.57 to 6.71 over the past eight quarters. The ratio saw a peak at 6.71 in March 2021, indicating the company was collecting its receivables at a faster rate during that period. Subsequently, the ratio decreased before picking up again in the recent quarters.
On average, the company has maintained a receivables turnover ratio around 4, which suggests a moderate efficiency in collecting its outstanding receivables. It is important to monitor this ratio continuously to assess any changes in the company's collection efficiency and financial health.
Peer comparison
Sep 30, 2024