Heico (HEI.A) Receivables Turnover : 1.83 (As of Jan. 2024)

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What is Heico 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. Heico's Revenue for the three months ended in Jan. 2024 was $896 Mil. Heico's average Accounts Receivable for the three months ended in Jan. 2024 was $490 Mil. Hence, Heico's Receivables Turnover for the three months ended in Jan. 2024 was 1.83.

Heico Receivables Turnover Historical Data

The historical data trend for Heico'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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Heico Receivables Turnover Chart

Heico Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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8.04

7.37

8.19

8.18

7.38

Heico Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.00	2.00	2.02	2.17	1.83

Competitive Comparison of Heico's Receivables Turnover

For the Aerospace & Defense subindustry, Heico'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.

Heico's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Heico's Receivables Turnover distribution charts can be found below:

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

Heico Receivables Turnover Calculation

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

Heico's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	2968.105	/ (	(294.848	+	509.075)	/	2 )
=	2968.105	/	401.9615
=	7.38

Heico's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	896.363	/ (	(509.075	+	471.697)	/	2 )
=	896.363	/	490.386
=	1.83

Heico (NYSE:HEI.A) 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.

Heico Receivables Turnover Related Terms

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Heico (HEI.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (NYSE:HEI.A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HEI:USA HC1A:Germany HC1:Germany HC1:Germany

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.