HealthEquity Inc (HQY)
Receivables turnover
| Jan 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,203,871 | 1,153,288 | 1,088,356 | 1,018,339 | 958,410 | 916,132 | 884,134 | 848,438 | 815,511 | 788,427 | 748,466 | 735,565 | 717,815 | 706,638 | 714,959 | 700,254 | 700,489 | 719,841 | 694,134 | 614,980 |
| Receivables | US$ in thousands | 118,006 | 106,712 | 108,454 | 106,218 | 104,893 | 96,181 | 92,581 | 98,414 | 96,835 | 87,716 | 90,426 | 86,003 | 87,428 | 84,083 | 74,223 | 74,468 | 72,767 | 64,291 | 70,235 | 69,789 |
| Receivables turnover | 10.20 | 10.81 | 10.04 | 9.59 | 9.14 | 9.53 | 9.55 | 8.62 | 8.42 | 8.99 | 8.28 | 8.55 | 8.21 | 8.40 | 9.63 | 9.40 | 9.63 | 11.20 | 9.88 | 8.81 |
January 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,203,871K ÷ $118,006K
= 10.20
HealthEquity Inc's receivables turnover has shown fluctuations over the years based on the provided data. The company's receivables turnover ratio has ranged from a low of 8.21 to a high of 11.20. On average, the company collects its accounts receivable approximately 9 times a year. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more frequently, which can be a positive sign of efficient management of accounts receivable. However, it is essential to evaluate the trend and compare the ratio with industry benchmarks to assess the effectiveness of HealthEquity Inc's credit and collection policies.
Peer comparison
Jan 31, 2025