Receivable Turnover (Historical) Formula in Excel

Understanding Receivable Turnover (Historical)

The Receivable Turnover (Historical) formula in Excel helps you measure how effectively a company collects its outstanding credit accounts (accounts receivable). By using this function, you can:

• Track how quickly receivables are being converted into cash.
• Compare different time periods (e.g., quarterly, annually, or TTM).
• Aid in liquidity analysis and cash flow forecasting.

? Pro Tip: A higher receivable turnover indicates that a company collects receivables more frequently within a given period.

Syntax and Parameters

Use the following syntax to employ this function in Excel with MarketXLS:

=hf_Receivable_Turnover(Symbol, Year, [Quarter], [TTM])

?? Note: If the symbol is invalid or data is not available, the formula returns "NA".

Return Value

• Returns a numeric value (double) representing the receivable turnover for the specified period.
• If an error occurs or data is unavailable, the function returns "NA".

Examples and Usage

Below are some practical ways to reference dates and symbols:

1. Cell Reference for Date:

   =hf_Receivable_Turnover(A1)

   (Where cell A1 contains the year, e.g., 2023)

2. Direct Date Entry:

   =hf_Receivable_Turnover("2024-03-15")

3. Excel Date Functions:

   =hf_Receivable_Turnover(TEXT(A1,"yyyy-mm-dd"))

   (Where A1 contains an Excel date)

4. Symbol Entry Examples:

   • Common stock:

     =hf_Receivable_Turnover("MSFT", 2022)

   • Index:

     =hf_Receivable_Turnover("^SPX", "lq")

   • Option:

     =hf_Receivable_Turnover("@MSFT 110122C00020000", "ly-1")

   • Cryptocurrency:

     =hf_Receivable_Turnover("BTCUSD:DEFAULT", "lt")

Basic Examples

• Year-only example:

=hf_Receivable_Turnover("MSFT", 2022)

Returns the full-year 2022 receivable turnover value for Microsoft.

• Quarter-specific example:

=hf_Receivable_Turnover("MSFT", 2022, 2)

Returns the Q2 2022 receivable turnover value for Microsoft.

• TTM example:

=hf_Receivable_Turnover("MSFT", 2022, 3, "TTM")

Returns the trailing twelve months value from Q3 2022.

Advanced Scenarios

• Last quarter example:

=hf_Receivable_Turnover("MSFT", "lq")

Retrieves the most recent quarter’s value dynamically.

• Previous last quarter:

=hf_Receivable_Turnover("MSFT", "lq-1")

Looks up the turnover for one quarter before the last quarter.

• Last 12 months:

=hf_Receivable_Turnover("MSFT", "lt")

? Pro Tip: Combine the function with other metrics (e.g., historical revenue) to gain deeper insights into the company’s liquidity.

Common Questions

1. Why am I getting "NA"?

   • You might be using an invalid symbol, or the data for that period is not available. Ensure you entered the correct symbol and that the data source supports it.

2. Does it handle special date formats?

   • Yes, you can use cell references, direct date strings, or Excel’s date functions. MarketXLS handles the date parsing internally.

3. How often does the data update?

   • MarketXLS updates fundamental data regularly. However, availability may vary based on filing times and data provider schedules.

4. Can I use this formula for non-U.S. equities?

   • Yes, as long as MarketXLS supports the symbol or exchange, the formula will attempt to retrieve valid data.

5. How does this impact performance?

   • The function retrieves data through MarketXLS’s API. In most cases, it performs quickly. Large batch requests or repeated calculations can increase computation time.

?? Note: For additional historical metrics, explore other functions from MarketXLS, such as Revenue (Historical), Cost Of Revenue (Historical), and Gross Profit (Historical), to complement your receivable turnover analysis.