HealthEquity Inc (HQY)
Receivables turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 945,655 | 815,511 | 717,771 | 700,488 | 507,971 |
| Receivables | US$ in thousands | 104,893 | 96,835 | 87,428 | 72,767 | 70,863 |
| Receivables turnover | 9.02 | 8.42 | 8.21 | 9.63 | 7.17 |
January 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $945,655K ÷ $104,893K
= 9.02
HealthEquity Inc's receivables turnover has been relatively stable over the past five years, ranging from 7.17 to 9.63 times. The receivables turnover ratio indicates how efficiently the company is able to collect its outstanding receivables during a given period.
A higher turnover ratio suggests that the company is managing its accounts receivable effectively and collecting payments promptly. In this case, HealthEquity Inc's receivables turnover has generally been healthy, indicating that the company has been efficient in converting its credit sales into cash.
The slight fluctuations in the receivables turnover ratio over the years may be reflective of changes in the company's credit policies, customer payment behavior, or overall economic conditions. Overall, the trend suggests that HealthEquity Inc has been effective in managing its accounts receivable and converting them into cash in a timely manner.
Peer comparison
Jan 31, 2024