Nature's Miracle Holding (Nature's Miracle Holding) Receivables Turnover : 1.66 (As of Mar. 2024)

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What is Nature's Miracle Holding 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. Nature's Miracle Holding's Revenue for the three months ended in Mar. 2024 was $2.21 Mil. Nature's Miracle Holding's average Accounts Receivable for the three months ended in Mar. 2024 was $1.33 Mil. Hence, Nature's Miracle Holding's Receivables Turnover for the three months ended in Mar. 2024 was 1.66.

Nature's Miracle Holding Receivables Turnover Historical Data

The historical data trend for Nature's Miracle Holding'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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Nature's Miracle Holding Receivables Turnover Chart

Nature's Miracle Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

11.24

17.76

8.84

3.51

Nature's Miracle Holding Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							0.83	0.69	1.00	0.65	1.66

Competitive Comparison of Nature's Miracle Holding's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Nature's Miracle Holding'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.

Nature's Miracle Holding's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nature's Miracle Holding's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nature's Miracle Holding's Receivables Turnover falls into.

Nature's Miracle Holding Receivables Turnover Calculation

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

Nature's Miracle Holding'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 )
=	8.933	/ (	(3.555	+	1.542)	/	2 )
=	8.933	/	2.5485
=	3.51

Nature's Miracle Holding'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 )
=	2.205	/ (	(1.542	+	1.121)	/	2 )
=	2.205	/	1.3315
=	1.66

Nature's Miracle Holding (NAS:NMHI) 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.

Nature's Miracle Holding Receivables Turnover Related Terms

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Nature's Miracle Holding (Nature's Miracle Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nature's Miracle Holding Inc (NAS:NMHI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

858 North Central Avenue, Upland, Upland, CA, USA, 91786

Website

https://www.nature-miracle.com

Nature's Miracle Holding Inc is a fast-growing agriculture technology company providing services to growers in the Controlled Environment Agriculture ("CEA") industry which also include vertical farming in North America. It offers integrated solutions which include hardware as well as software to design, build and operate various indoor growing settings including greenhouse and indoor-growing spaces.

Nature's Miracle Holding (Nature's Miracle Holding) Headlines

From GuruFocus

NATURE'S MIRACLE HOLDING INC. RECENTLY RANG THE CLOSING BELL AT NASDAQ, TIMES SQUARE NYC

By PRNewswire • 03-19-2024