Hygrovest Limited (ASX:HGV) Receivables Turnover : 0.22 (As of Dec. 2023)

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What is Hygrovest Limited 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. Hygrovest Limited's Revenue for the six months ended in Dec. 2023 was A$0.09 Mil. Hygrovest Limited's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.42 Mil. Hence, Hygrovest Limited's Receivables Turnover for the six months ended in Dec. 2023 was 0.22.

Hygrovest Limited Receivables Turnover Historical Data

The historical data trend for Hygrovest Limited'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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Hygrovest Limited Receivables Turnover Chart

Hygrovest Limited Annual Data

Trend

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Receivables Turnover

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Hygrovest Limited Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												-	-	-	-	0.22

Competitive Comparison of Hygrovest Limited's Receivables Turnover

For the Asset Management subindustry, Hygrovest Limited'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.

Hygrovest Limited's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hygrovest Limited's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hygrovest Limited's Receivables Turnover falls into.

Hygrovest Limited Receivables Turnover Calculation

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

Hygrovest Limited's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	-0.009	/ (	(0.742	+	0.691)	/	2 )
=	-0.009	/	0.7165
=	N/A

Hygrovest Limited'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 )
=	0.094	/ (	(0.691	+	0.156)	/	2 )
=	0.094	/	0.4235
=	0.22

Hygrovest Limited (ASX:HGV) 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.

Hygrovest Limited Receivables Turnover Related Terms

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Hygrovest Limited (ASX:HGV) Business Description

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MMJJF:USA

Address

19-29 Martin Place, MLC Centre, Suite 5706, Level 57, Sydney, NSW, AUS, 2000

Website

https://www.hygrovest.com.au

Hygrovest Limited is a specialist investment company. It has built a diversified portfolio by investing in Australian and offshore cannabis-related businesses including healthcare products, technology, and infrastructure. The company's portfolio includes Southern Cannabis Holdings, Medio Labs Inc , Weed Me, Fire and Flower, Bien, BevCanna, and others.