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Inno Holdings (Inno Holdings) Receivables Turnover : 2.61 (As of Mar. 2024)


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What is Inno Holdings 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. Inno Holdings's Revenue for the three months ended in Mar. 2024 was $0.18 Mil. Inno Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $0.07 Mil. Hence, Inno Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 2.61.

Inno Holdings Receivables Turnover Historical Data

The historical data trend for Inno Holdings'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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Inno Holdings Receivables Turnover Chart

Inno Holdings Annual Data
Trend Sep21 Sep22 Sep23
Receivables Turnover
5.59 3.68 0.81

Inno Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.08 0.17 2.24 2.39 2.61

Competitive Comparison of Inno Holdings's Receivables Turnover

For the Steel subindustry, Inno Holdings'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.

Inno Holdings's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Inno Holdings's Receivables Turnover distribution charts can be found below:

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


Inno Holdings Receivables Turnover Calculation

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

Inno Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=0.8 / ((1.907 + 0.07) / 2 )
=0.8 / 0.9885
=0.81

Inno Holdings'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 )
=0.183 / ((0.07 + 0) / 1 )
=0.183 / 0.07
=2.61

* 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.

Inno Holdings  (NAS:INHD) 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.

Inno Holdings Receivables Turnover Related Terms

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Inno Holdings (Inno Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inno Holdings Inc (NAS:INHD) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
2465 Farm Market 359 South, Brookshire, TX, USA, 77423
Website
https://www.innometalstuds.com
Inno Holdings Inc is a building technology company with a mission to transform the construction industry with its proprietary cold-formed steel-framing technology and other innovations. It is a manufacturer of cold-formed-steel members and prefabricated homes. It offers a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. The company sells these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure.