Halma (HLMAF) Receivables Turnover : 2.62 (As of Sep. 2023)

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What is Halma 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. Halma's Revenue for the six months ended in Sep. 2023 was $1,176 Mil. Halma's average Accounts Receivable for the six months ended in Sep. 2023 was $448 Mil. Hence, Halma's Receivables Turnover for the six months ended in Sep. 2023 was 2.62.

Halma Receivables Turnover Historical Data

The historical data trend for Halma'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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Halma Receivables Turnover Chart

Halma Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.46

5.66

6.00

6.19

Halma Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.90	2.90	2.56	2.84	2.62

Competitive Comparison of Halma's Receivables Turnover

For the Conglomerates subindustry, Halma'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.

Halma's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Halma's Receivables Turnover distribution charts can be found below:

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

Halma Receivables Turnover Calculation

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

Halma'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 )
=	2248.544	/ (	(333.597	+	392.354)	/	2 )
=	2248.544	/	362.9755
=	6.19

Halma's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1176.361	/ (	(392.354	+	503.96)	/	2 )
=	1176.361	/	448.157
=	2.62

Halma (OTCPK:HLMAF) 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.

Halma Receivables Turnover Related Terms

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Halma (HLMAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Halma PLC (OTCPK:HLMAF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HALMY:USA HLMAl:UK HLMA:UK H11:Germany

Address

Rectory Way, Misbourne Court, Amersham, Buckinghamshire, GBR, HP7 0DE

Website

https://www.halma.com

Halma consists of 45 operating businesses managed in a decentralized manner. The company, through its products, focuses on trying to make the world safer, cleaner and healthier. The group operates across three segments: safety, environmental and analysis, and medical equipment. Halma's products include smoke detectors, healthcare equipment, door sensors, and water treatment. Most of the group's products are niche with limited competition. Over 75% of sales are generated in the United States, Europe and United Kingdom. Halma is listed on the London Stock Exchange.