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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. Houlihan Lokey's Revenue for the three months ended in Dec. 2023 was $511 Mil. Houlihan Lokey's average Accounts Receivable for the three months ended in Dec. 2023 was $152 Mil. Hence, Houlihan Lokey's Receivables Turnover for the three months ended in Dec. 2023 was 3.35.
The historical data trend for Houlihan Lokey'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.
Houlihan Lokey Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Receivables Turnover | Get a 7-Day Free Trial | 15.28 | 16.11 | 17.98 | 11.10 | 10.03 |
Houlihan Lokey 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 | 2.78 | 2.60 | 3.22 | 3.35 | 2.95 |
For the Capital Markets subindustry, Houlihan Lokey'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.
For the Capital Markets industry and Financial Services sector, Houlihan Lokey's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Houlihan Lokey's Receivables Turnover falls into.
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Houlihan Lokey's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as
Receivables Turnover (A: Mar. 2023 ) | |||||||
= | Revenue | / | Average Total Inventories | ||||
= | Revenue (A: Mar. 2023 ) | / ( | (Accounts Receivable (A: Mar. 2022 ) | + | Accounts Receivable (A: Mar. 2023 )) | / | count ) |
= | 1809.447 | / ( | (144.029 | + | 182.029) | / | 2 ) |
= | 1809.447 | / | 163.029 | ||||
= | 11.10 |
Houlihan Lokey'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: Sep. 2023 ) | + | Accounts Receivable (Q: Dec. 2023 )) | / | count ) |
= | 511.13 | / ( | (152.243 | + | 152.755) | / | 2 ) |
= | 511.13 | / | 152.499 | ||||
= | 3.35 |
* 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.
Houlihan Lokey (NYSE:HLI) 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.
Thank you for viewing the detailed overview of Houlihan Lokey's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Irwin Gold | director, 10 percent owner, officer: EXECUTIVE CHAIRMAN | |
Christopher M Crain | officer: GENERAL COUNSEL | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
J Lindsey Alley | officer: CHIEF FINANCIAL OFFICER | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Scott L Beiser | director, officer: CHIEF EXECUTIVE OFFICER | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Robert A Schriesheim | director | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Todd J Carter | director | 700 CANAL STREET, THIRD FLOOR, STAMFORD CT 06902 |
Paul Andrew Zuber | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067 |
Scott Joseph Adelson | director, officer: CO-PRESIDENT | 1930 CENTURY PARK WEST, LOS ANGELES CA 90067 |
Ekpedeme M Bassey | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067 |
Cyrus D. Walker | director | C/O MARIPOSA CAPITAL, LLC, 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139 |
David A Preiser | director, officer: CO-PRESIDENT | |
Gillian Beth Zucker | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BOULEVARD, 5TH FLOOR, LOS ANGELES AR 90067 |
Orix Hlhz Holding Llc | 10 percent owner | 1717 MAIN STREET, SUITE 900, DALLAS TX 75201 |
Orix Corp | 10 percent owner | WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135 |
Jacqueline B Kosecoff | director | 5960 HEISLEY ROAD, MENTOR OH 44060 |
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