HNR Acquisition (HNR Acquisition) Receivables Turnover : 2.45 (As of Mar. 2024)

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What is HNR Acquisition 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. HNR Acquisition's Revenue for the three months ended in Mar. 2024 was $5.28 Mil. HNR Acquisition's average Accounts Receivable for the three months ended in Mar. 2024 was $2.16 Mil. Hence, HNR Acquisition's Receivables Turnover for the three months ended in Mar. 2024 was 2.45.

HNR Acquisition Receivables Turnover Historical Data

The historical data trend for HNR Acquisition'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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HNR Acquisition Receivables Turnover Chart

HNR Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

14.04

HNR Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									2.56	-	-	-	2.45

Competitive Comparison of HNR Acquisition's Receivables Turnover

For the Shell Companies subindustry, HNR Acquisition'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.

HNR Acquisition's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, HNR Acquisition's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HNR Acquisition's Receivables Turnover falls into.

HNR Acquisition Receivables Turnover Calculation

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

HNR Acquisition'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 )
=	0	/ (	(2.863	+	2.103)	/	2 )
=	0	/	2.483
=	N/A

HNR Acquisition's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5.28	/ (	(2.103	+	2.214)	/	2 )
=	5.28	/	2.1585
=	2.45

HNR Acquisition (AMEX:HNRA) 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.

HNR Acquisition Receivables Turnover Related Terms

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HNR Acquisition (HNR Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HNR Acquisition Corp (AMEX:HNRA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098

Website

https://www.hnra-nyse.com

HNR Acquisition Corp is a blank check company.

Executives

Donald Goree	director, officer: Chief Executive Officer	101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Salvucci Joseph V Jr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Sr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald W Orr	director, officer: President	3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098