HELLA GmbH KGaA (XTER:HLE) Receivables Turnover : 1.86 (As of Sep. 2023)

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What is HELLA GmbH KGaA 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. HELLA GmbH KGaA's Revenue for the three months ended in Sep. 2023 was €1,937 Mil. HELLA GmbH KGaA's average Accounts Receivable for the three months ended in Sep. 2023 was €1,041 Mil. Hence, HELLA GmbH KGaA's Receivables Turnover for the three months ended in Sep. 2023 was 1.86.

HELLA GmbH KGaA Receivables Turnover Historical Data

The historical data trend for HELLA GmbH KGaA'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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HELLA GmbH KGaA Receivables Turnover Chart

HELLA GmbH KGaA Annual Data

Trend

May12

May13

May14

May15

May16

May17

May18

May19

May20

May21

Receivables Turnover

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11.77

6.32

6.26

7.01

8.21

HELLA GmbH KGaA Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.62	1.68	1.70	1.86	1.86

Competitive Comparison of HELLA GmbH KGaA's Receivables Turnover

For the Auto Parts subindustry, HELLA GmbH KGaA'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.

HELLA GmbH KGaA's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, HELLA GmbH KGaA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HELLA GmbH KGaA's Receivables Turnover falls into.

HELLA GmbH KGaA Receivables Turnover Calculation

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

HELLA GmbH KGaA's Receivables Turnover for the fiscal year that ended in May. 2021 is calculated as

	Receivables Turnover (A: May. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2021 )	/ (	(Accounts Receivable (A: May. 2020 )	+	Accounts Receivable (A: May. 2021 ))	/	count )
=	6379.734	/ (	(596.356	+	958.507)	/	2 )
=	6379.734	/	777.4315
=	8.21

HELLA GmbH KGaA'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: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1937.169	/ (	(1077.1	+	1005.75)	/	2 )
=	1937.169	/	1041.425
=	1.86

HELLA GmbH KGaA (XTER:HLE) 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.

HELLA GmbH KGaA Receivables Turnover Related Terms

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HELLA GmbH KGaA (XTER:HLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HELLA GmbH & Co KGaA (XTER:HLE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0R3U:UK HLE:Austria

Address

Rixbecker Strasse 75, Lippstadt, NW, DEU, 59552

Website

https://www.hella.com

HELLA GmbH & Co KGaA is a manufacturer of lighting and electronic components and systems for the automotive industry. The company also produces complete vehicle modules, air-conditioning systems, and vehicle electrical systems in its joint-venture companies, as well as products for specialist vehicles. Further, Hella operates a trade organisation for automotive parts, accessories, diagnosis, and services in Europe. The company is controlled through a pooled family majority shareholding in the group. The company has three reportable segments which are Lighting, Electronics and Lifecycle Solutions. The company generates majority of the revenue from Lighting segment.

Executives

Charlotte Sötje	Supervisory Board
Christoph Thomas	Supervisory Board

HELLA GmbH KGaA (XTER:HLE) Headlines

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