Hollysys Automation Technologies Ltd 's ability to collect accounts receivable sequentially worsen to 2.66, indicating more challenging environment then in the third quarter 2023, but still, it is a far cry from any concerns. Hollysys Automation Technologies Ltd 's Accounts Receivable average collection period in the Jun 30 2023 quarter, has increased to 137 days, from 108 days, in the 0 quarter.

If we take a look into Capital Goods sector 225 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2023 from 0 to 2487.

What is Receivable Turnover Ratio?
What is Hollysys Automation Technologies Ltd Selling?

What is Receivable Turnover Ratio?

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HOLI Receivables Turnover Ratio	(Jun 30 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Jun 30 2022) IV. Quarter
Y / Y Receivable Change	820.89 %	987.17 %	-91.72 %	325.07 %	-89.8 %
Y / Y Revenue Change	10.26 %	-	-	-	19.26 %
Receivable Turnover Ratio (TTM)	2.66	3.39	5.78	3.29	4.97
HOLI's Total Ranking	# 2487	# 0	# 3577	# 2333	# 0
Accounts Receivable average collection period days	137	108	63	111	73
Seq. Receivable Change	0 %	1033.84 %	-91.18 %	820.89 %	18.06 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 81
Capital Goods Sector	# 226
Overall Market	# 2487

Receivable Turnover Ratio Statistics
High	Average	Low
0.54	0.45	0.34
(Jun 30 2016)		(Jun 30 2021)

HOLI Company Profile • Back to HOLI Efficiency Comparisons • Compare HOLI Receivables Turnover Ratio to its Competitors

Financial Statements
Hollysys Automation Technologies Ltd 's Accounts Receivable	$ 355 Millions	Visit HOLI's Balance sheet
Hollysys Automation Technologies Ltd 's Sales TTM	$ 729 Millions	Visit HOLI's Income Statement
Sources of HOLI's Revenues		Visit HOLI's Sales by Geography

Other Accounts Receivable Turnover Ratios
Industrial Machinery and Components Industry Accounts Receivable Turnover Trends and Statistics
Capital Goods Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
HOLI's Receivable Turnover Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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HOLI's Growth Rates	HOLI's Roa	HOLI's Inventory Turnover Ratio	HOLI's Dividend Comparisons
HOLI's Profitability Ratios	HOLI's Roi	HOLI's Asset Turnover Ratio	HOLI's Dividend Growth
HOLI's Valuation Ratios	HOLI's Roe	HOLI's Financial Strength Ratios	HOLI's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Capital Goods Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2023	Receivable at quarter ending Jun 30 2023
Aecom	5.65	$ 13,961.718 Millions	$ 2,471.608 Millions
Advanced Drainage Systems Inc	5.63	$ 1,939.485 Millions	$ 344.747 Millions
Dover Corp	5.62	$ 8,476.581 Millions	$ 1,509.016 Millions
Ingersoll Rand Inc	5.59	$ 6,455.200 Millions	$ 1,154.425 Millions
Douglas Dynamics Inc	5.56	$ 615.718 Millions	$ 110.754 Millions
Forge Innovation Development Corp	5.55	$ 0.255 Millions	$ 0.046 Millions
Nn Inc	5.46	$ 497.603 Millions	$ 91.195 Millions
Chicago Rivet and Machine Co	5.45	$ 32.206 Millions	$ 5.908 Millions
Rocket Lab Corp	5.44	$ 231.307 Millions	$ 42.542 Millions
Energy Recovery Inc	5.38	$ 106.877 Millions	$ 19.857 Millions
Eaton Corporation Plc	5.37	$ 22,177.000 Millions	$ 4,132.500 Millions
Ultralife Corporation	5.34	$ 143.949 Millions	$ 26.937 Millions
Playags Inc	5.34	$ 333.002 Millions	$ 62.361 Millions
Bloom Energy Corporation	5.31	$ 1,331.136 Millions	$ 250.739 Millions
Mistras Group inc	5.31	$ 655.897 Millions	$ 123.563 Millions
Acme United Corp	5.31	$ 193.030 Millions	$ 36.380 Millions
Lifetime Brands Inc	5.24	$ 685.057 Millions	$ 130.806 Millions
Englobal Corporation	5.23	$ 44.399 Millions	$ 8.483 Millions
Preformed Line Products Company	5.23	$ 698.478 Millions	$ 133.476 Millions
Desktop Metal inc	5.16	$ 202.048 Millions	$ 39.177 Millions
Illinois Tool Works Inc	5.10	$ 16,075.000 Millions	$ 3,154.750 Millions
Spirit Aerosystems Holdings inc	5.07	$ 5,393.100 Millions	$ 1,064.575 Millions
Amprius Technologies Inc	4.97	$ 3.919 Millions	$ 0.788 Millions
Matrix Service Co	4.96	$ 795.020 Millions	$ 160.136 Millions
Xylem Inc	4.95	$ 6,056.000 Millions	$ 1,224.000 Millions
Coda Octopus Group Inc	4.94	$ 20.398 Millions	$ 4.128 Millions
Originclear Inc	4.90	$ 9.812 Millions	$ 2.001 Millions
Quanta Services Inc	4.88	$ 18,353.811 Millions	$ 3,758.178 Millions
Teledyne Technologies Inc	4.88	$ 5,582.000 Millions	$ 1,143.150 Millions
Nordson Corporation	4.86	$ 2,592.900 Millions	$ 534.068 Millions

Date modified: 2026-09-08T15:22:11+00:00

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