HP Inc (HPQ)
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 | 53,105,000 | 53,718,000 | 54,675,000 | 56,127,000 | 59,695,000 | 62,910,000 | 64,784,000 | 65,425,000 | 64,827,000 | 63,460,000 | 62,070,000 | 61,075,000 | 57,667,000 | 56,639,000 | 56,788,000 | 57,097,000 | 58,664,000 | 58,756,000 | 58,715,000 | 58,698,000 |
| Receivables | US$ in thousands | 5,223,000 | 5,586,000 | 6,235,000 | 5,436,000 | 5,591,000 | 1,270,000 | 6,600,000 | 7,166,000 | 7,621,000 | 7,844,000 | 7,126,000 | 6,950,000 | 7,558,000 | 7,473,000 | 7,297,000 | 7,240,000 | 6,129,000 | 7,982,000 | 7,071,000 | 7,236,000 |
| Receivables turnover | 10.17 | 9.62 | 8.77 | 10.33 | 10.68 | 49.54 | 9.82 | 9.13 | 8.51 | 8.09 | 8.71 | 8.79 | 7.63 | 7.58 | 7.78 | 7.89 | 9.57 | 7.36 | 8.30 | 8.11 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $53,105,000K ÷ $5,223,000K
= 10.17
The receivables turnover ratio measures how efficiently a company is collecting on its credit sales. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly.
In the case of HP Inc, the receivables turnover has fluctuated over the past eight quarters. The highest turnover ratio was 9.19 in Q1 2023, indicating that HP Inc was collecting its receivables at a faster rate during that period. The lowest turnover ratio was 7.71 in Q3 2023, suggesting a slower collection of accounts receivable.
Overall, the trend in the receivables turnover for HP Inc has been relatively stable, with the ratio ranging between 7.71 and 9.19. This indicates that HP Inc has been managing its accounts receivable efficiently, although there have been some variations in collection performance over the quarters.
It is important for HP Inc to monitor its receivables turnover consistently to ensure that the company is effectively managing its credit sales and maintaining a healthy cash flow position.
Peer comparison
Jan 31, 2024