Harland & Wolff Group Holdings (LSE:HARL) Receivables Turnover : 3.20 (As of Jun. 2023)

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What is Harland & Wolff Group Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Harland & Wolff Group Holdings's Revenue for the six months ended in Jun. 2023 was £25.53 Mil. Harland & Wolff Group Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was £7.97 Mil. Hence, Harland & Wolff Group Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 3.20.

Harland & Wolff Group Holdings Receivables Turnover Historical Data

The historical data trend for Harland & Wolff Group Holdings's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Harland & Wolff Group Holdings Receivables Turnover Chart

Harland & Wolff Group Holdings Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec22

Receivables Turnover

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6.59

26.73

Harland & Wolff Group Holdings Semi-Annual Data
	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															6.53	43.23	12.71	5.87	3.20

Competitive Comparison of Harland & Wolff Group Holdings's Receivables Turnover

For the Aerospace & Defense subindustry, Harland & Wolff Group Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harland & Wolff Group Holdings's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Harland & Wolff Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harland & Wolff Group Holdings's Receivables Turnover falls into.

Harland & Wolff Group Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Harland & Wolff Group Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Jul. 2020 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	27.97	/ (	(0.225	+	1.868)	/	2 )
=	27.97	/	1.0465
=	26.73

Harland & Wolff Group Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	25.533	/ (	(1.868	+	14.071)	/	2 )
=	25.533	/	7.9695
=	3.20

Harland & Wolff Group Holdings (LSE:HARL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Harland & Wolff Group Holdings Receivables Turnover Related Terms

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Harland & Wolff Group Holdings (LSE:HARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Harland & Wolff Group Holdings PLC (LSE:HARL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HARL.GB:UK

Address

2 Swan Lane, Fieldfisher Riverbank House, London, GBR, EC4R 3TT

Website

https://www.harland-wolff.com

Harland & Wolff Group Holdings PLC is a multisite fabrication company, operating in the maritime and offshore industry through markets such as commercial, cruise and ferry, and renewables and six services namely technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion. The Comapny is organised into 6 segments: Cruise & Ferry, Commercial, Energy, Defence, Renewables and other being Head Office related. The Company generates revenue from multiple streams including shipbuilding, engineering (e.g. fabrication of wind turbines) and ship repairs and maintenance.

Harland & Wolff Group Holdings (LSE:HARL) Headlines

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