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RIME (Algorhythm Holdings) Receivables Turnover : 1.84 (As of Dec. 2024)


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What is Algorhythm 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. Algorhythm Holdings's Revenue for the three months ended in Dec. 2024 was $8.01 Mil. Algorhythm Holdings's average Accounts Receivable for the three months ended in Dec. 2024 was $4.35 Mil. Hence, Algorhythm Holdings's Receivables Turnover for the three months ended in Dec. 2024 was 1.84.


Algorhythm Holdings Receivables Turnover Historical Data

The historical data trend for Algorhythm 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.

* Premium members only.

Algorhythm Holdings Receivables Turnover Chart

Algorhythm Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.21 22.50 19.02 16.17 7.29

Algorhythm Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.17 0.46 0.86 3.18 1.84

Competitive Comparison of Algorhythm Holdings's Receivables Turnover

For the Consumer Electronics subindustry, Algorhythm 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.


Algorhythm Holdings's Receivables Turnover Distribution in the Hardware Industry

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

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


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Algorhythm Holdings Receivables Turnover Calculation

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

Algorhythm Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=23.494 / ((2.075 + 4.373) / 2 )
=23.494 / 3.224
=7.29

Algorhythm Holdings's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=8.006 / ((4.33 + 4.373) / 2 )
=8.006 / 4.3515
=1.84

* 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.


Algorhythm Holdings  (NAS:RIME) 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.


Algorhythm Holdings Receivables Turnover Related Terms

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Algorhythm Holdings Business Description

Traded in Other Exchanges
N/A
Address
6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL, USA, 33309
Algorhythm Holdings Inc is a holding company with two primary investments. It operates through its subsidiaries, one of which is an emerging leader in the AI-enabled global logistics industry. The other subsidiary is engaged in consumer karaoke products, Which designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products.
Executives
Stingray Group Inc. 10 percent owner 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Ault Milton C Iii 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jay B Foreman director 6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Henry Carl Nisser director 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
James Michael Turner director 1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173
Kenneth S Cragun director 3775 CHIPPEWA CIRCLE, CORONA CA 92881
Mathieu Peloquin director 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Eric Boyko 10 percent owner 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4
Bernardo Melo officer: VP Sales 6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073
Joseph Kling director 5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496
Lau Sak Hong Aka Philip Lau director SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000
Gary Kevin Atkinson officer: Secretary 1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442
Carol Lau director THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073
Anton Handal officer: CEO 425 TYRONE STREET, EL CAJON CA 92020