HYDI (Hydromer) Receivables Turnover: 1.49 (As of Dec. 2022)

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HYDI Hydromer Inc HYDI
12 GF Score
Price $0.22
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What is Hydromer Receivables Turnover?

Hydromer HYDI 12 Receivables Turnover is 1.49 as of Dec. 2022. GuruFocus rates HYDI with a GF Score™ of 12/100.

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. Hydromer's Revenue for the three months ended in Dec. 2022 was $0.85 Mil. Hydromer's average Accounts Receivable for the three months ended in Dec. 2022 was $0.57 Mil. Hence, Hydromer's Receivables Turnover for the three months ended in Dec. 2022 was 1.49.


Hydromer  (OTCPK:HYDI) 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.


Hydromer Receivables Turnover Related Terms


Hydromer Receivables Turnover Historical Data

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The historical data trend for Hydromer'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.

Hydromer Receivables Turnover Chart

Hydromer Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.65 4.50 5.19 6.72 6.70

Hydromer Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 1.35 1.62 1.87 1.61 1.49

HYDI vs ETCK, VYST, SNES: Receivables Turnover Comparison

For the Specialty Chemicals subindustry, Hydromer'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.


Hydromer Receivables Turnover vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hydromer's Receivables Turnover distribution charts can be found below:

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


HYDI
12GF Score
Hydromer Inc HYDI
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Hydromer Receivables Turnover Calculation

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

Hydromer's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

Receivables Turnover (A: Jun. 2021 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jun. 2021 ) / ((Accounts Receivable (A: Jun. 2020 ) + Accounts Receivable (A: Jun. 2021 )) / count )
=3.679 / ((0.661 + 0.437) / 2 )
=3.679 / 0.549
=6.70

Hydromer's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

Receivables Turnover (Q: Dec. 2022 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2022 ) / ((Accounts Receivable (Q: Sep. 2022 ) + Accounts Receivable (Q: Dec. 2022 )) / count )
=0.848 / ((0.629 + 0.509) / 2 )
=0.848 / 0.569
=1.49

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.49 mean?
Hydromer (HYDI) has a Receivables Turnover of 1.49 as of Dec. 2022. The accounts 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. View historical data on Hydromer and its competitors.
Is Hydromer's Receivables Turnover too high?
Hydromer's current Receivables Turnover is 1.49. The Chemicals industry median Receivables Turnover is 5.57. Hydromer's value of 1.49 is 73.2% below this industry median. Overall, Hydromer has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Hydromer's Receivables Turnover compare to ETCK and VYST?
Hydromer's Receivables Turnover of 1.49 can be compared against companies in the Chemicals industry. The industry median Receivables Turnover is 5.57. Hydromer's value of 1.49 is 73.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.57, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hydromer's current Receivables Turnover of 1.49 is 73.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Hydromer and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hydromer's current Receivables Turnover is 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydromer stock overvalued right now?
Hydromer (HYDI) has a current Receivables Turnover of 1.49. The current Receivables Turnover is 1.49 and 73.2% below the Chemicals industry median of 5.57. Hydromer's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Hydromer (HYDI), the current Receivables Turnover is 1.49 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hydromer Business Description

Address 4715 Corporate Drive NW, Suite 200, Concord, NC, USA, 28027
Hydromer Inc is a polymer research and development company. The company is engaged in the business of inventing, developing, patenting, licensing, manufacturing and selling hydrophilic polymer-based products and services. Its segment includes Industrial and Medical. The company generates maximum revenue from services. Geographically, it derives a majority of revenue from the United States.
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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