Hewlett Packard Enterprise Co (HPE)
Receivables turnover
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 29,135,000 | 29,684,000 | 29,935,000 |
| Receivables | US$ in thousands | 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 | 3,489,000 | 3,584,000 | 4,029,000 |
| Receivables turnover | 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 | 8.35 | 8.28 | 7.43 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $28,081,000K ÷ $7,410,000K
= 3.79
The receivables turnover ratio for Hewlett Packard Enterprise Co has been fluctuating over the past eight quarters. The ratio indicates how efficiently the company is collecting payment from its customers. The higher the ratio, the more quickly the company is collecting on its accounts receivable.
In Q2 2022, the receivables turnover ratio was at its highest at 8.94, indicating that the company was collecting payment from its customers more efficiently during that period. However, there was a slight decline in the following quarters until Q1 2023, where the ratio dropped to 6.99. This may suggest that the company was taking longer to collect payments from its customers during that period.
Subsequently, there was an improvement in the receivables turnover ratio in Q3 2023 and Q4 2023, reaching 8.60 and 8.37, respectively. This suggests that the company improved its collections process and was able to collect payments more efficiently during those quarters.
Overall, the trend in the receivables turnover ratio for Hewlett Packard Enterprise Co shows some fluctuations but generally indicates that the company is effectively managing its accounts receivable and collecting payments from customers in a timely manner. It is important to continue monitoring this ratio to ensure consistent and efficient cash flow management.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Receivables Turnover (Quarterly Data)