HMC Capital (ASX:HMC) Receivables Turnover : 2.46 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is HMC Capital 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. HMC Capital's Revenue for the six months ended in Dec. 2023 was A$40.22 Mil. HMC Capital's average Accounts Receivable for the six months ended in Dec. 2023 was A$16.37 Mil. Hence, HMC Capital's Receivables Turnover for the six months ended in Dec. 2023 was 2.46.

HMC Capital Receivables Turnover Historical Data

The historical data trend for HMC Capital'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.

* Premium members only.

HMC Capital Receivables Turnover Chart

HMC Capital Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

5.29

13.36

6.92

4.48

HMC Capital Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				5.43	4.86	1.32	1.95	2.46

Competitive Comparison of HMC Capital's Receivables Turnover

For the REIT - Diversified subindustry, HMC Capital'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.

HMC Capital's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, HMC Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HMC Capital's Receivables Turnover falls into.

HMC Capital Receivables Turnover Calculation

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

HMC Capital's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	68.732	/ (	(16.431	+	14.286)	/	2 )
=	68.732	/	15.3585
=	4.48

HMC Capital'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 )
=	40.223	/ (	(14.286	+	18.46)	/	2 )
=	40.223	/	16.373
=	2.46

HMC Capital (ASX:HMC) 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.

HMC Capital Receivables Turnover Related Terms

Thank you for viewing the detailed overview of HMC Capital's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HMC Capital (ASX:HMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HMC Capital Ltd (ASX:HMC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HMCLF:USA

Address

1 Macquarie Place, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.hmccapital.com.au

HMC Capital Ltd is a property group focused on ownership, development, and management. The company's operating segment includes Investments Funds Management and Corporate properties. It generates maximum revenue from the Investments segment. The company portfolio comprises mainly retail and services centers.