Helmerich and Payne Inc (HP)
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 | 2,756,607 | 2,722,420 | 2,748,652 | 2,829,931 | 2,872,421 | 2,844,147 | 2,670,424 | 2,368,799 | 2,058,944 | 1,771,419 | 1,553,399 | 1,381,973 | 1,218,568 | 1,083,028 | 1,068,179 | 1,405,647 | 1,773,927 | 2,214,710 | 2,585,320 | 2,672,549 |
| Receivables | US$ in thousands | 418,604 | 415,395 | 431,681 | 435,819 | 404,188 | 449,588 | 525,611 | 512,681 | 458,713 | 397,880 | 329,572 | 282,381 | 228,894 | 233,632 | 209,402 | 233,623 | 192,623 | 302,194 | 531,556 | 500,947 |
| Receivables turnover | 6.59 | 6.55 | 6.37 | 6.49 | 7.11 | 6.33 | 5.08 | 4.62 | 4.49 | 4.45 | 4.71 | 4.89 | 5.32 | 4.64 | 5.10 | 6.02 | 9.21 | 7.33 | 4.86 | 5.33 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,756,607K ÷ $418,604K
= 6.59
The receivables turnover ratio for Helmerich and Payne Inc has shown some fluctuations over the past quarters. The ratio measures how efficiently the company is collecting on its credit sales within a specific period.
Looking at the data, we can see that the receivables turnover ratio ranged from 4.49 to 9.21 over the past eight quarters. A higher ratio indicates that the company is able to collect its accounts receivable more quickly, which is generally a positive sign.
In the latest quarter ending September 30, 2024, the receivables turnover ratio was 6.59. This suggests that, on average, Helmerich and Payne Inc collected its accounts receivable approximately 6.59 times during that period. The ratio has been relatively stable in the range of 6.37 to 6.59 in the recent quarters, indicating consistency in the company's ability to manage its receivables efficiently.
Overall, a consistent and relatively high receivables turnover ratio is a positive indicator of the company's liquidity and effectiveness in managing its accounts receivable. It suggests that the company has good credit control policies in place and is able to promptly convert its credit sales into cash.
Peer comparison
Sep 30, 2024