HUBC (Hub Cyber Security) Receivables Turnover : 1.64 (As of Jun. 2024)

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What is Hub Cyber Security 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. Hub Cyber Security's Revenue for the six months ended in Jun. 2024 was $15.71 Mil. Hub Cyber Security's average Accounts Receivable for the six months ended in Jun. 2024 was $9.60 Mil. Hence, Hub Cyber Security's Receivables Turnover for the six months ended in Jun. 2024 was 1.64.

Hub Cyber Security Receivables Turnover Historical Data

The historical data trend for Hub Cyber Security'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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Hub Cyber Security Receivables Turnover Chart

Hub Cyber Security Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.03

0.01

2.30

2.03

2.52

Hub Cyber Security Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial						1.62	0.57	1.33	1.47	1.64

Competitive Comparison of Hub Cyber Security's Receivables Turnover

For the Software - Infrastructure subindustry, Hub Cyber Security'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.

Hub Cyber Security's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hub Cyber Security's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hub Cyber Security's Receivables Turnover falls into.

Hub Cyber Security Receivables Turnover Calculation

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

Hub Cyber Security'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 )
=	42.657	/ (	(23.722	+	10.078)	/	2 )
=	42.657	/	16.9
=	2.52

Hub Cyber Security's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	15.708	/ (	(10.078	+	9.118)	/	2 )
=	15.708	/	9.598
=	1.64

Hub Cyber Security (NAS:HUBC) 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.

Hub Cyber Security Receivables Turnover Related Terms

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Hub Cyber Security Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hub Cyber Security Ltd (NAS:HUBC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Kaplan Street, Tel Aviv, ISR, 6473403

Website

https://www.hubsecurity.com

Hub Cyber Security Ltd is engaged in the development of cyber products, software, quality systems, reliability, and risk management. It operates in several countries and provides cybersecurity computing appliances as well as a wide range of cybersecurity professional services. The company has two operating segments: the Product and Technology Segment, and the Professional Services Segment. The majority of its revenue comes from the professional services segment, which provides data and cybersecurity, system security and reliability solutions, as well as related services such as consulting, planning, training, integration, and ongoing servicing of cybersecurity, risk management, system quality, reliability, and security projects, including fully managed corporate cybersecurity services.