High Arctic Overseas Holdings (TSXV:HOH) Receivables Turnover : 0.47 (As of Sep. 2024)

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What is High Arctic Overseas 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. High Arctic Overseas Holdings's Revenue for the three months ended in Sep. 2024 was C$3.92 Mil. High Arctic Overseas Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was C$8.34 Mil. Hence, High Arctic Overseas Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 0.47.

High Arctic Overseas Holdings Receivables Turnover Historical Data

The historical data trend for High Arctic Overseas 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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High Arctic Overseas Holdings Receivables Turnover Chart

High Arctic Overseas Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

1.68

4.56

4.93

High Arctic Overseas Holdings Quarterly Data
	Dec21	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			0.92	-	1.14	1.04	0.47

Competitive Comparison of High Arctic Overseas Holdings's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, High Arctic Overseas 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.

High Arctic Overseas Holdings's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, High Arctic Overseas Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where High Arctic Overseas Holdings's Receivables Turnover falls into.

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High Arctic Overseas Holdings Receivables Turnover Calculation

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

High Arctic Overseas Holdings'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 )
=	58.199	/ (	(8.89	+	14.744)	/	2 )
=	58.199	/	11.817
=	4.93

High Arctic Overseas Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	3.916	/ (	(14.301	+	2.387)	/	2 )
=	3.916	/	8.344
=	0.47

High Arctic Overseas Holdings (TSXV:HOH) 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.

High Arctic Overseas Holdings Receivables Turnover Related Terms

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High Arctic Overseas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Overseas Holdings Corp (TSXV:HOH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

http://www.higharctic.com

High Arctic Overseas Holdings Corp provides drilling and specialized well completion services manpower solutions and supplies rental equipment including rig matting, camps, material handling, and drilling support equipment in Papua New Guinea. The segments of the company are Drilling services, Ancillary services, Production services.

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