Parker-Hannifin Corporation

NYSE PH

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Parker-Hannifin Corporation Average Collection Period 5 year CAGR for the year ending June 30, 2023: -0.20%

Parker-Hannifin Corporation Average Collection Period 5 year CAGR is -0.20% for the year ending June 30, 2023, a -100.76% 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.

Parker-Hannifin Corporation Average Collection Period for the year ending June 30, 2022 was 112.90, a 222.30% change year over year.
Parker-Hannifin Corporation Average Collection Period for the year ending June 30, 2021 was 35.03, a 13.59% change year over year.
Parker-Hannifin Corporation Average Collection Period for the year ending June 30, 2020 was 30.84, a -7.79% change year over year.
Parker-Hannifin Corporation Average Collection Period for the year ending June 30, 2019 was 33.44, a 0.47% change year over year.

NYSE: PH

Parker-Hannifin Corporation

CEO	Mr. Thomas L. Williams
IPO Date	July 1, 1985
Location	United States
Headquarters	6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141
Employees	62,730
Sector	Industrials
Industry	Specialty industrial machinery

Description

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, avionics, sensors, pneumatic control components, thermal management products, fire detection and suppression systems and components, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.

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