Hon Hai Precision Industry Co (TPE:2317) Receivables Turnover : 1.67 (As of Mar. 2024)

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What is Hon Hai Precision Industry Co 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. Hon Hai Precision Industry Co's Revenue for the three months ended in Mar. 2024 was NT$1,323,992 Mil. Hon Hai Precision Industry Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$792,183 Mil. Hence, Hon Hai Precision Industry Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.67.

Hon Hai Precision Industry Co Receivables Turnover Historical Data

The historical data trend for Hon Hai Precision Industry Co'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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Hon Hai Precision Industry Co Receivables Turnover Chart

Hon Hai Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.11

5.43

5.70

5.86

6.25

Hon Hai Precision Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.62	1.75	1.73	1.99	1.67

Competitive Comparison of Hon Hai Precision Industry Co's Receivables Turnover

For the Electronic Components subindustry, Hon Hai Precision Industry Co'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.

Hon Hai Precision Industry Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hon Hai Precision Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hon Hai Precision Industry Co's Receivables Turnover falls into.

Hon Hai Precision Industry Co Receivables Turnover Calculation

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

Hon Hai Precision Industry Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6162221.359	/ (	(1098690.171	+	872270.163)	/	2 )
=	6162221.359	/	985480.167
=	6.25

Hon Hai Precision Industry Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1323991.647	/ (	(872270.163	+	712095.184)	/	2 )
=	1323991.647	/	792182.6735
=	1.67

Hon Hai Precision Industry Co (TPE:2317) 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.

Hon Hai Precision Industry Co Receivables Turnover Related Terms

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Hon Hai Precision Industry Co (TPE:2317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hon Hai Precision Industry Co Ltd (TPE:2317) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HNHPF:USA HHPDl:UK HHPD:UK HHP2:Germany

Address

No.2, Zihyou Street, Tucheng District, New Taipei, TWN, 236

Website

https://www.foxconn.com

Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for 55% of overall revenue in 2022. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.

Hon Hai Precision Industry Co (TPE:2317) Headlines

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