Chameleon Smart Home Zrt (BUD:CHOME) Receivables Turnover : 6.81 (As of Dec. 2023)

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What is Chameleon Smart Home Zrt 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. Chameleon Smart Home Zrt's Revenue for the six months ended in Dec. 2023 was Ft345.6 Mil. Chameleon Smart Home Zrt's average Accounts Receivable for the six months ended in Dec. 2023 was Ft50.8 Mil. Hence, Chameleon Smart Home Zrt's Receivables Turnover for the six months ended in Dec. 2023 was 6.81.

Chameleon Smart Home Zrt Receivables Turnover Historical Data

The historical data trend for Chameleon Smart Home Zrt'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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Chameleon Smart Home Zrt Receivables Turnover Chart

Chameleon Smart Home Zrt Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.38

2.68

2.48

4.53

5.24

Chameleon Smart Home Zrt Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	1.95	3.65	0.61	6.81

Competitive Comparison of Chameleon Smart Home Zrt's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Chameleon Smart Home Zrt'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.

Chameleon Smart Home Zrt's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chameleon Smart Home Zrt's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chameleon Smart Home Zrt's Receivables Turnover falls into.

Chameleon Smart Home Zrt Receivables Turnover Calculation

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

Chameleon Smart Home Zrt'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 )
=	422.681	/ (	(156.267	+	5.112)	/	2 )
=	422.681	/	80.6895
=	5.24

Chameleon Smart Home Zrt'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 )
=	345.627	/ (	(96.433	+	5.112)	/	2 )
=	345.627	/	50.7725
=	6.81

Chameleon Smart Home Zrt (BUD:CHOME) 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.

Chameleon Smart Home Zrt Receivables Turnover Related Terms

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Chameleon Smart Home Zrt (BUD:CHOME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chameleon Smart Home Zrt (BUD:CHOME) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Oda Utca 22, Budapest, HUN, 1155

Website

https://www.chameleon-smarthome.com

Chameleon Smart Home Zrt operates as a smart home manufacturing and development technology company. It produces smart home system software and hardware. Its products comprise controllers, expanders, Wireless devices, LS modules, and Accessories.

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