NUHRF (Nuheara) Receivables Turnover: 1.07 (As of Jun. 2023)

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NUHRF Nuheara Ltd NUHRF
12 GF Score
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What is Nuheara Receivables Turnover?

Nuheara NUHRF 12 Receivables Turnover is 1.07 as of Jun. 2023. GuruFocus rates NUHRF 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. Nuheara's Revenue for the six months ended in Jun. 2023 was $0.78 Mil. Nuheara's average Accounts Receivable for the six months ended in Jun. 2023 was $0.73 Mil. Hence, Nuheara's Receivables Turnover for the six months ended in Jun. 2023 was 1.07.


Nuheara  (OTCPK:NUHRF) 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.


Nuheara Receivables Turnover Related Terms


Nuheara Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Nuheara'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.

Nuheara Receivables Turnover Chart

Nuheara Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 1.55 7.08 4.03 4.18

Nuheara Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 2.00 1.99 1.25 0.97 1.07

NUHRF vs AAPL: Receivables Turnover Comparison

For the Consumer Electronics subindustry, Nuheara'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.


Nuheara Receivables Turnover vs Hardware Industry

For the Hardware industry and Technology sector, Nuheara's Receivables Turnover distribution charts can be found below:

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


NUHRF
12GF Score
Nuheara Ltd NUHRF
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Nuheara Receivables Turnover Calculation

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

Nuheara's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=1.296 / ((0.111 + 0.509) / 2 )
=1.296 / 0.31
=4.18

Nuheara's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

Receivables Turnover (Q: Jun. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Jun. 2023 )) / count )
=0.783 / ((0.951 + 0.509) / 2 )
=0.783 / 0.73
=1.07

* 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 1.07 mean?
Nuheara (NUHRF) has a Receivables Turnover of 1.07 as of Jun. 2023. 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 Nuheara and its competitors.
Is Nuheara's Receivables Turnover too high?
Nuheara's current Receivables Turnover is 1.07. The Hardware industry median Receivables Turnover is 4.91. Nuheara's value of 1.07 is 78.2% below this industry median. Overall, Nuheara has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nuheara's Receivables Turnover compare to AAPL?
Nuheara's Receivables Turnover of 1.07 can be compared against companies in the Hardware industry. The industry median Receivables Turnover is 4.91. Nuheara's value of 1.07 is 78.2% 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 Hardware company?
The median Receivables Turnover among Hardware companies is 4.91, based on 2,468 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. Nuheara's current Receivables Turnover of 1.07 is 78.2% 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 Nuheara and its competitors. For the Hardware industry, the median Receivables Turnover is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuheara's current Receivables Turnover is 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuheara stock overvalued right now?
Nuheara (NUHRF) has a current Receivables Turnover of 1.07. The current Receivables Turnover is 1.07 and 78.2% below the Hardware industry median of 4.91. Nuheara'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 Nuheara (NUHRF), the current Receivables Turnover is 1.07 as of Jun. 2023. 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.

Nuheara Business Description

Address 190 Aberdeen Street, Northbridge, Sydney, WA, AUS, 6003
Nuheara Ltd is an Australia based company that engages in the development, manufacture, and sale of hearing aids. The principal activity of the company is the development and commercialization of its proprietary hearing and wearables technology platform that aims to combine speech augmentation software with spatial directionality and placement, Bluetooth connectivity, and application software components. Some of its products include IQbuds2 MAX, IQbuds BOOST, IQstream TV, and Bluetooth Transmitter.
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