Hochdorf Holding AG (XSWX:HOCN) Receivables Turnover : 3.50 (As of Dec. 2023)

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What is Hochdorf Holding AG 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. Hochdorf Holding AG's Revenue for the six months ended in Dec. 2023 was CHF153.7 Mil. Hochdorf Holding AG's average Accounts Receivable for the six months ended in Dec. 2023 was CHF43.9 Mil. Hence, Hochdorf Holding AG's Receivables Turnover for the six months ended in Dec. 2023 was 3.50.

Hochdorf Holding AG Receivables Turnover Historical Data

The historical data trend for Hochdorf Holding AG'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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Hochdorf Holding AG Receivables Turnover Chart

Hochdorf Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.92

6.95

4.84

4.81

6.04

Hochdorf Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.90	2.61	3.09	3.41	3.50

Competitive Comparison of Hochdorf Holding AG's Receivables Turnover

For the Packaged Foods subindustry, Hochdorf Holding AG'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.

Hochdorf Holding AG's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hochdorf Holding AG's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hochdorf Holding AG's Receivables Turnover falls into.

Hochdorf Holding AG Receivables Turnover Calculation

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

Hochdorf Holding AG'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 )
=	307.84	/ (	(52.275	+	49.592)	/	2 )
=	307.84	/	50.9335
=	6.04

Hochdorf Holding AG's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	153.67	/ (	(38.153	+	49.592)	/	2 )
=	153.67	/	43.8725
=	3.50

Hochdorf Holding AG (XSWX:HOCN) 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.

Hochdorf Holding AG Receivables Turnover Related Terms

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Hochdorf Holding AG (XSWX:HOCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hochdorf Holding AG (XSWX:HOCN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HOCNz:UK

Address

Siedereistrasse 9, Postfach 691, Hochdorf, CHE, 6281

Website

https://www.hochdorf.com

Hochdorf Holding AG is a food company. It produces and sells food products to the food industry and the wholesale and retail trade in the international markets. The group operates in the business of Food Solutions and Baby Care It produces, and markets powder products based on milk and whey, and also produces and markets cereals. The firm generates the majority of its revenue from the Dairy ingredients segment which includes products like cream, milk concentrate, skimmed milk powder, whole milk powder, cream powder, fat powder, milk protein powder, whey powder, whey protein powder, permeate powder, butter, buttermilk, and curd. Geographically, the Food Solutions division focuses on Switzerland.

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