Hurco Companies Inc

NASDAQ HURC

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Hurco Companies Inc Average Collection Period 5 year CAGR for the quarter ending January 31, 2024: 2.68%

Hurco Companies Inc Average Collection Period 5 year CAGR is 2.68% for the quarter ending January 31, 2024, a 85.93% change year over year. The average collection period measures the average number of days it takes for a company to collect payments from its customers. It is calculated by dividing 365 by the ratio of revenue to the average of receivables and other current assets. A lower average collection period indicates a more efficient collection process and better cash flow management, while a higher period may suggest delayed payments and potential liquidity challenges. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Hurco Companies Inc Average Collection Period for the quarter ending January 31, 2023 was 150.21, a 12.56% change year over year.
  • Hurco Companies Inc Average Collection Period for the quarter ending January 31, 2022 was 133.44, a -9.10% change year over year.
  • Hurco Companies Inc Average Collection Period for the quarter ending January 31, 2021 was 146.80, a -23.41% change year over year.
  • Hurco Companies Inc Average Collection Period for the quarter ending January 31, 2020 was 191.68, a 22.46% change year over year.
NASDAQ: HURC

Hurco Companies Inc

CEO Mr. Michael Doar
IPO Date Sept. 5, 1989
Location United States
Headquarters One Technology Way, Indianapolis, IN, United States, 46268
Employees 716
Sector Industrials
Industry Specialty industrial machinery
Description

Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines. The company also provides computer control systems and related software for press brake applications. In addition, it offers machine tool components, automation integration equipment, and solutions for job shops; and software options, control upgrades, and accessories and replacement parts for its products, as well as customer service, training, and applications support services. Further, the company provides Autobend computer control systems for press brake machines. It serves independent job shops and specialized short-run production applications within large manufacturing operations, as well as precision tool, die, and mold manufacturers in aerospace, defense, medical equipment, energy, automotive/transportation, electronics, and computer industries. The company sells its products under the Hurco, Milltronics, and Takumi brands through independent agents and distributors, as well as through its direct sales and service organizations. Hurco Companies, Inc. was incorporated in 1968 and is headquartered in Indianapolis, Indiana.

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StockViz Staff

September 20, 2024

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