Highmark Interactive (TSXV:HMRK.H) Receivables Turnover : 1.31 (As of Sep. 2022)

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What is Highmark Interactive 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. Highmark Interactive's Revenue for the three months ended in Sep. 2022 was C$0.87 Mil. Highmark Interactive's average Accounts Receivable for the three months ended in Sep. 2022 was C$0.66 Mil. Hence, Highmark Interactive's Receivables Turnover for the three months ended in Sep. 2022 was 1.31.

Highmark Interactive Receivables Turnover Historical Data

The historical data trend for Highmark Interactive'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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Highmark Interactive Receivables Turnover Chart

Highmark Interactive Annual Data

Trend

Dec20

Dec21

Receivables Turnover

8.36

2.88

Highmark Interactive Quarterly Data
	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Receivables Turnover	Get a 7-Day Free Trial			-	0.94	1.05	1.12	1.31

Competitive Comparison of Highmark Interactive's Receivables Turnover

For the Health Information Services subindustry, Highmark Interactive'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.

Highmark Interactive's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Highmark Interactive's Receivables Turnover distribution charts can be found below:

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

Highmark Interactive Receivables Turnover Calculation

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

Highmark Interactive's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	1.045	/ (	(0.088	+	0.637)	/	2 )
=	1.045	/	0.3625
=	2.88

Highmark Interactive's Receivables Turnover for the quarter that ended in Sep. 2022 is calculated as

	Receivables Turnover (Q: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Sep. 2022 ))	/	count )
=	0.869	/ (	(0.602	+	0.721)	/	2 )
=	0.869	/	0.6615
=	1.31

Highmark Interactive (TSXV:HMRK.H) 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.

Highmark Interactive Receivables Turnover Related Terms

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Highmark Interactive (TSXV:HMRK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Highmark Interactive Inc (TSXV:HMRK.H) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 George Street, Suite 602, Oakville, NU, CAN, L6J 0A2

Website

https://www.highmark.tech

Highmark Interactive Inc provides a complete solution for brain health through its proprietary digital brain health assessment tools and its growing network of virtual, in-clinic, and hybrid clinics. The company has three reportable segments; Technology, Medical services and Corporate segment.

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