What is Hewlett Packard Enterprise Co 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. Hewlett Packard Enterprise Co's Revenue for the
three
months ended in Jan. 2024 was $6,755 Mil. Hewlett Packard Enterprise Co's average Accounts Receivable for the
three
months ended in Jan. 2024 was $3,397 Mil.
Hence, Hewlett Packard Enterprise Co's Receivables Turnover for the
three
months ended in Jan. 2024 was 1.99.
Hewlett Packard Enterprise Co Receivables Turnover Historical Data
* 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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Hewlett Packard Enterprise Co Receivables Turnover Chart
Competitive Comparison of Hewlett Packard Enterprise Co's Receivables Turnover
For the Communication Equipment subindustry, Hewlett Packard Enterprise Co'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.
Hewlett Packard Enterprise Co's Receivables Turnover Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Hewlett Packard Enterprise Co's Receivables Turnover falls into.
Hewlett Packard Enterprise Co Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
* 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.
Hewlett Packard Enterprise Co (NYSE:HPE) 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.
Hewlett Packard Enterprise Co Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Hewlett Packard Enterprise Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Hewlett Packard Enterprise Co (Hewlett Packard Enterprise Co) Business Description
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
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