Halo Technologies Holdings (ASX:HAL) Receivables Turnover : 4.30 (As of Dec. 2023)

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What is Halo Technologies Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Halo Technologies Holdings's Revenue for the six months ended in Dec. 2023 was A$7.04 Mil. Halo Technologies Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$1.64 Mil. Hence, Halo Technologies Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 4.30.

Halo Technologies Holdings Receivables Turnover Historical Data

The historical data trend for Halo Technologies Holdings's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Halo Technologies Holdings Receivables Turnover Chart

Halo Technologies Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

4.08

10.51

Halo Technologies Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	1.60	1.91	2.14	4.30

Competitive Comparison of Halo Technologies Holdings's Receivables Turnover

For the Software - Application subindustry, Halo Technologies Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Halo Technologies Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Halo Technologies Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Halo Technologies Holdings's Receivables Turnover falls into.

Halo Technologies Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Halo Technologies Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	12.88	/ (	(2.318	+	0.132)	/	2 )
=	12.88	/	1.225
=	10.51

Halo Technologies Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	7.038	/ (	(3.141	+	0.132)	/	2 )
=	7.038	/	1.6365
=	4.30

Halo Technologies Holdings (ASX:HAL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Halo Technologies Holdings Receivables Turnover Related Terms

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Halo Technologies Holdings (ASX:HAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Halo Technologies Holdings Ltd (ASX:HAL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Barrack Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.halo-technologies.com

Halo Technologies Holdings Ltd is a provider and developer of financial services and technology. Halo is an online global equities research and trade execution software solution that brings sophisticated institutional-grade analytical frameworks and market insights to everyday investors. Halo includes two distinct and integrated offerings in HALO global, designed for hands on investors who want professional grade tools without the cost, and HALO Trading which offers global trade execution capability and ready-made themed investment portfolios that are ideal for low-touch and values based investors and SMSFs.