Hewlett Packard Enterprise Co (HPE)
Receivables turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 30,127,000 | 29,020,000 | 28,312,000 | 28,081,000 | 29,135,000 | 29,655,000 | 29,604,000 | 29,344,000 | 28,496,000 | 27,979,000 | 27,925,000 | 27,912,000 | 27,784,000 | 27,638,000 | 27,557,000 | 26,866,000 | 26,982,000 | 26,989,000 | 27,390,000 | 28,531,000 |
| Receivables | US$ in thousands | 7,420,000 | 7,562,000 | 7,486,000 | 7,410,000 | 7,024,000 | 7,166,000 | 7,427,000 | 7,927,000 | 4,101,000 | 6,974,000 | 6,777,000 | 7,247,000 | 3,979,000 | 7,111,000 | 6,781,000 | 6,816,000 | 3,386,000 | 6,653,000 | 6,240,000 | 6,455,000 |
| Receivables turnover | 4.06 | 3.84 | 3.78 | 3.79 | 4.15 | 4.14 | 3.99 | 3.70 | 6.95 | 4.01 | 4.12 | 3.85 | 6.98 | 3.89 | 4.06 | 3.94 | 7.97 | 4.06 | 4.39 | 4.42 |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $30,127,000K ÷ $7,420,000K
= 4.06
The receivables turnover ratio for Hewlett Packard Enterprise Co over the past 20 quarters has shown fluctuations. The ratio has ranged from a low of 3.70 to a high of 7.97, indicating varying efficiency in collecting outstanding receivables during this period.
On average, the company has turned over its accounts receivable approximately 4.38 times a year. A higher turnover ratio suggests that the company is collecting its receivables more frequently, which is generally seen as a positive sign of liquidity and efficiency.
It is notable that there are quarters where the receivables turnover ratio exceeds this average, implying that the company was particularly effective in collecting outstanding receivables in those periods. Conversely, there are quarters where the ratio falls below the average, indicating potential challenges in collecting receivables timely.
Overall, the trend in the receivables turnover ratio for Hewlett Packard Enterprise Co shows variability over the past 20 quarters, reflecting fluctuations in the company's ability to efficiently manage its accounts receivable.
Peer comparison
Oct 31, 2024
See also:
Hewlett Packard Enterprise Co Receivables Turnover (Quarterly Data)