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Halo Collective (FRA:A9K0) Receivables Turnover : 2.04 (As of Jun. 2023)


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What is Halo Collective 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 Collective's Revenue for the three months ended in Jun. 2023 was €3.29 Mil. Halo Collective's average Accounts Receivable for the three months ended in Jun. 2023 was €1.61 Mil. Hence, Halo Collective's Receivables Turnover for the three months ended in Jun. 2023 was 2.04.


Halo Collective Receivables Turnover Historical Data

The historical data trend for Halo Collective'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.

* Premium members only.

Halo Collective Receivables Turnover Chart

Halo Collective Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.84 5.47 9.36 5.83

Halo Collective Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.41 1.16 1.11 2.04 2.04

Competitive Comparison of Halo Collective's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Halo Collective'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 Collective's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Halo Collective's Receivables Turnover distribution charts can be found below:

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



Halo Collective Receivables Turnover Calculation

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

Halo Collective's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=23.165 / ((5.375 + 2.571) / 2 )
=23.165 / 3.973
=5.83

Halo Collective's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=3.294 / ((1.65 + 1.576) / 2 )
=3.294 / 1.613
=2.04

* 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.


Halo Collective  (FRA:A9K0) 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 Collective Receivables Turnover Related Terms

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Halo Collective (FRA:A9K0) Business Description

Traded in Other Exchanges
Address
550 Burrard Street, Suite 2300, Vancouver, BC, CAN, V6C 2B5
Halo Collective Inc is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada and California.

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