Stock Analysis on Net

This company has been moved to the archive! The financial data has not been updated since August 29, 2019.

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

HP Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Turnover Ratios
Inventory turnover 8.36 8.89 8.49 7.89 7.64 8.15 7.78 7.34 7.97 8.49 8.72 8.75 12.21 16.35 16.78 12.12 12.04 13.22 12.73 13.23 13.74 14.68 14.34 14.29
Receivables turnover 11.09 10.84 11.47 11.44 12.36 12.05 12.26 11.79 11.96 13.12 14.00 11.73 15.33 19.28 21.58 7.73 8.32 8.79 8.96 8.06 7.90 7.83 8.31 7.07
Payables turnover 3.26 3.47 3.29 3.23 3.27 3.47 3.42 3.20 3.22 3.64 3.63 3.53 4.65 6.37 7.52 4.93 5.19 5.52 5.63 5.33 5.67 6.34 6.81 6.16
Working capital turnover 10.77 35.77 19.01 19.43 17.39 16.47 16.93 15.85 23.19
Average No. Days
Average inventory processing period 44 41 43 46 48 45 47 50 46 43 42 42 30 22 22 30 30 28 29 28 27 25 25 26
Add: Average receivable collection period 33 34 32 32 30 30 30 31 31 28 26 31 24 19 17 47 44 42 41 45 46 47 44 52
Operating cycle 77 75 75 78 78 75 77 81 77 71 68 73 54 41 39 77 74 70 70 73 73 72 69 78
Less: Average payables payment period 112 105 111 113 112 105 107 114 113 100 101 103 78 57 49 74 70 66 65 68 64 58 54 59
Cash conversion cycle -35 -30 -36 -35 -34 -30 -30 -33 -36 -29 -33 -30 -24 -16 -10 3 4 4 5 5 9 14 15 19

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. HP Inc. inventory turnover ratio improved from Q1 2019 to Q2 2019 but then deteriorated significantly from Q2 2019 to Q3 2019.
Receivables turnover An activity ratio equal to revenue divided by receivables. HP Inc. receivables turnover ratio deteriorated from Q1 2019 to Q2 2019 but then slightly improved from Q2 2019 to Q3 2019.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. HP Inc. payables turnover ratio increased from Q1 2019 to Q2 2019 but then decreased significantly from Q2 2019 to Q3 2019.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. HP Inc. number of days of inventory outstanding improved from Q1 2019 to Q2 2019 but then deteriorated significantly from Q2 2019 to Q3 2019.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. HP Inc. number of days of payables outstanding decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. HP Inc. cash conversion cycle deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.

Inventory Turnover

HP Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data (US$ in millions)
Cost of revenue 11,698 11,307 12,098 12,669 11,898 11,301 11,935 11,407 10,633 10,002 10,436 10,221 9,720 9,338 9,961 19,363 19,317 19,345 20,571 21,425 20,974 20,704 21,736 22,437 20,859 21,055 22,029
Inventory 5,716 5,394 5,649 6,062 6,091 5,557 5,655 5,786 5,184 4,756 4,555 4,484 3,961 3,547 4,052 6,485 6,700 6,227 6,575 6,415 6,249 5,840 6,004 6,046 6,540 5,999 6,374
Short-term Activity Ratio
Inventory turnover1 8.36 8.89 8.49 7.89 7.64 8.15 7.78 7.34 7.97 8.49 8.72 8.75 12.21 16.35 16.78 12.12 12.04 13.22 12.73 13.23 13.74 14.68 14.34 14.29
Benchmarks
Inventory Turnover, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Inventory turnover = (Cost of revenueQ3 2019 + Cost of revenueQ2 2019 + Cost of revenueQ1 2019 + Cost of revenueQ4 2018) ÷ Inventory
= (11,698 + 11,307 + 12,098 + 12,669) ÷ 5,716 = 8.36

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. HP Inc. inventory turnover ratio improved from Q1 2019 to Q2 2019 but then deteriorated significantly from Q2 2019 to Q3 2019.

Receivables Turnover

HP Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data (US$ in millions)
Net revenue 14,603 14,036 14,710 15,366 14,586 14,003 14,517 13,927 13,060 12,385 12,684 12,512 11,892 11,588 12,246 25,714 25,349 25,453 26,839 28,406 27,585 27,309 28,154 29,131 27,226 27,582 28,359
Accounts receivable, net 5,295 5,414 5,113 5,113 4,615 4,605 4,396 4,414 4,233 3,771 3,478 4,114 4,008 3,884 4,114 13,363 12,753 12,320 12,295 13,832 14,198 14,288 13,492 15,876 14,336 14,606 14,236
Short-term Activity Ratio
Receivables turnover1 11.09 10.84 11.47 11.44 12.36 12.05 12.26 11.79 11.96 13.12 14.00 11.73 15.33 19.28 21.58 7.73 8.32 8.79 8.96 8.06 7.90 7.83 8.31 7.07
Benchmarks
Receivables Turnover, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Receivables turnover = (Net revenueQ3 2019 + Net revenueQ2 2019 + Net revenueQ1 2019 + Net revenueQ4 2018) ÷ Accounts receivable, net
= (14,603 + 14,036 + 14,710 + 15,366) ÷ 5,295 = 11.09

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. HP Inc. receivables turnover ratio deteriorated from Q1 2019 to Q2 2019 but then slightly improved from Q2 2019 to Q3 2019.

Payables Turnover

HP Inc., payables turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data (US$ in millions)
Cost of revenue 11,698 11,307 12,098 12,669 11,898 11,301 11,935 11,407 10,633 10,002 10,436 10,221 9,720 9,338 9,961 19,363 19,317 19,345 20,571 21,425 20,974 20,704 21,736 22,437 20,859 21,055 22,029
Accounts payable 14,648 13,839 14,572 14,816 14,245 13,054 12,848 13,279 12,804 11,079 10,951 11,103 10,402 9,099 9,041 15,956 15,549 14,923 14,873 15,903 15,141 13,521 12,640 14,019 13,293 12,313 11,660
Short-term Activity Ratio
Payables turnover1 3.26 3.47 3.29 3.23 3.27 3.47 3.42 3.20 3.22 3.64 3.63 3.53 4.65 6.37 7.52 4.93 5.19 5.52 5.63 5.33 5.67 6.34 6.81 6.16
Benchmarks
Payables Turnover, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Payables turnover = (Cost of revenueQ3 2019 + Cost of revenueQ2 2019 + Cost of revenueQ1 2019 + Cost of revenueQ4 2018) ÷ Accounts payable
= (11,698 + 11,307 + 12,098 + 12,669) ÷ 14,648 = 3.26

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. HP Inc. payables turnover ratio increased from Q1 2019 to Q2 2019 but then decreased significantly from Q2 2019 to Q3 2019.

Working Capital Turnover

HP Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data (US$ in millions)
Current assets 19,683 18,285 18,936 21,387 21,776 19,433 21,217 22,318 21,443 18,302 17,775 18,468 17,402 15,385 15,155 51,787 51,998 48,883 48,198 50,145 49,287 49,883 50,684 50,364 49,958 49,571 49,552
Less: Current liabilities 24,579 23,203 24,199 25,131 25,506 23,127 23,349 22,412 22,060 18,604 18,587 18,808 18,114 16,862 16,761 42,191 49,033 43,186 42,529 43,735 42,476 43,280 43,611 45,521 46,012 44,658 44,386
Working capital (4,896) (4,918) (5,263) (3,744) (3,730) (3,694) (2,132) (94) (617) (302) (812) (340) (712) (1,477) (1,606) 9,596 2,965 5,697 5,669 6,410 6,811 6,603 7,073 4,843 3,946 4,913 5,166
 
Net revenue 14,603 14,036 14,710 15,366 14,586 14,003 14,517 13,927 13,060 12,385 12,684 12,512 11,892 11,588 12,246 25,714 25,349 25,453 26,839 28,406 27,585 27,309 28,154 29,131 27,226 27,582 28,359
Short-term Activity Ratio
Working capital turnover1 10.77 35.77 19.01 19.43 17.39 16.47 16.93 15.85 23.19
Benchmarks
Working Capital Turnover, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Working capital turnover = (Net revenueQ3 2019 + Net revenueQ2 2019 + Net revenueQ1 2019 + Net revenueQ4 2018) ÷ Working capital
= (14,603 + 14,036 + 14,710 + 15,366) ÷ -4,896 =

2 Click competitor name to see calculations.


Average Inventory Processing Period

HP Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data
Inventory turnover 8.36 8.89 8.49 7.89 7.64 8.15 7.78 7.34 7.97 8.49 8.72 8.75 12.21 16.35 16.78 12.12 12.04 13.22 12.73 13.23 13.74 14.68 14.34 14.29
Short-term Activity Ratio (no. days)
Average inventory processing period1 44 41 43 46 48 45 47 50 46 43 42 42 30 22 22 30 30 28 29 28 27 25 25 26
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 8.36 = 44

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. HP Inc. number of days of inventory outstanding improved from Q1 2019 to Q2 2019 but then deteriorated significantly from Q2 2019 to Q3 2019.

Average Receivable Collection Period

HP Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data
Receivables turnover 11.09 10.84 11.47 11.44 12.36 12.05 12.26 11.79 11.96 13.12 14.00 11.73 15.33 19.28 21.58 7.73 8.32 8.79 8.96 8.06 7.90 7.83 8.31 7.07
Short-term Activity Ratio (no. days)
Average receivable collection period1 33 34 32 32 30 30 30 31 31 28 26 31 24 19 17 47 44 42 41 45 46 47 44 52
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 11.09 = 33

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

HP Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data
Average inventory processing period 44 41 43 46 48 45 47 50 46 43 42 42 30 22 22 30 30 28 29 28 27 25 25 26
Average receivable collection period 33 34 32 32 30 30 30 31 31 28 26 31 24 19 17 47 44 42 41 45 46 47 44 52
Short-term Activity Ratio
Operating cycle1 77 75 75 78 78 75 77 81 77 71 68 73 54 41 39 77 74 70 70 73 73 72 69 78
Benchmarks
Operating Cycle, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 44 + 33 = 77

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

HP Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data
Payables turnover 3.26 3.47 3.29 3.23 3.27 3.47 3.42 3.20 3.22 3.64 3.63 3.53 4.65 6.37 7.52 4.93 5.19 5.52 5.63 5.33 5.67 6.34 6.81 6.16
Short-term Activity Ratio (no. days)
Average payables payment period1 112 105 111 113 112 105 107 114 113 100 101 103 78 57 49 74 70 66 65 68 64 58 54 59
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.26 = 112

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. HP Inc. number of days of payables outstanding decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.

Cash Conversion Cycle

HP Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Selected Financial Data
Average inventory processing period 44 41 43 46 48 45 47 50 46 43 42 42 30 22 22 30 30 28 29 28 27 25 25 26
Average receivable collection period 33 34 32 32 30 30 30 31 31 28 26 31 24 19 17 47 44 42 41 45 46 47 44 52
Average payables payment period 112 105 111 113 112 105 107 114 113 100 101 103 78 57 49 74 70 66 65 68 64 58 54 59
Short-term Activity Ratio
Cash conversion cycle1 -35 -30 -36 -35 -34 -30 -30 -33 -36 -29 -33 -30 -24 -16 -10 3 4 4 5 5 9 14 15 19
Benchmarks
Cash Conversion Cycle, Competitors2
Apple Inc.
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).

1 Q3 2019 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 44 + 33112 = -35

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. HP Inc. cash conversion cycle deteriorated from Q1 2019 to Q2 2019 but then improved from Q2 2019 to Q3 2019 not reaching Q1 2019 level.