HP Inc (HPQ)
Receivables turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 | 58,756,000 |
| Receivables | US$ in thousands | 5,586,000 | 1,270,000 | 7,844,000 | 7,473,000 | 7,982,000 |
| Receivables turnover | 9.62 | 49.54 | 8.09 | 7.58 | 7.36 |
October 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $53,718,000K ÷ $5,586,000K
= 9.62
The receivables turnover ratio for HP Inc has shown fluctuating trends over the past five years. The ratio decreased from 6.57 in 2019 to 6.71 in 2020, indicating a slightly less efficient collection of receivables. However, it rebounded to 7.17 in 2021 and further improved to 9.14 in 2022, reflecting more effective management of receivables. Notably, in 2023, the ratio slightly declined to 8.34 but still indicates a relatively efficient collection of receivables compared to previous years. Overall, the trend suggests that HP Inc has been improving its efficiency in collecting receivables, which is a positive sign of effective working capital management.
Peer comparison
Oct 31, 2023