Hello Pal International (XCNQ:HP) Receivables Turnover : 6.34 (As of Feb. 2023)

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What is Hello Pal International 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. Hello Pal International's Revenue for the three months ended in Feb. 2023 was C$5.86 Mil. Hello Pal International's average Accounts Receivable for the three months ended in Feb. 2023 was C$0.92 Mil. Hence, Hello Pal International's Receivables Turnover for the three months ended in Feb. 2023 was 6.34.

Hello Pal International Receivables Turnover Historical Data

The historical data trend for Hello Pal International'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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Hello Pal International Receivables Turnover Chart

Hello Pal International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Receivables Turnover

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43.74

52.04

53.43

30.86

Hello Pal International Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	Aug22	Nov22	Feb23
Receivables Turnover	Get a 7-Day Free Trial															14.07	36.62	7.99	5.41	6.34

Competitive Comparison of Hello Pal International's Receivables Turnover

For the Software - Application subindustry, Hello Pal International'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.

Hello Pal International's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hello Pal International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hello Pal International's Receivables Turnover falls into.

Hello Pal International Receivables Turnover Calculation

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

Hello Pal International's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Receivables Turnover (A: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2023 )	/ (	(Accounts Receivable (A: Feb. 2022 )	+	Accounts Receivable (A: Feb. 2023 ))	/	count )
=	25.164	/ (	(0.702	+	0.929)	/	2 )
=	25.164	/	0.8155
=	30.86

Hello Pal International's Receivables Turnover for the quarter that ended in Feb. 2023 is calculated as

	Receivables Turnover (Q: Feb. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2023 )	/ (	(Accounts Receivable (Q: Nov. 2022 )	+	Accounts Receivable (Q: Feb. 2023 ))	/	count )
=	5.859	/ (	(0.918	+	0.929)	/	2 )
=	5.859	/	0.9235
=	6.34

Hello Pal International (XCNQ:HP) 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.

Hello Pal International Receivables Turnover Related Terms

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Hello Pal International (XCNQ:HP) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hello Pal International Inc (XCNQ:HP) » Definitions » Receivables Turnover

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HLLPF:USA

Address

200 - 550 Denman Street, Vancouver, BC, CAN, V6G 3H1

Website

https://www.hellopal.com

Hello Pal International Inc is a proprietary suite of mobile applications built on a user-friendly messaging interface that focuses on social interaction, language learning, and travel. It has been designed from the ground up to be easy to use and enables users the freedom to speak in their own language regardless of the other person's language they are speaking. The firm operates in two different reportable segments international live-streaming segment, which provides online live-streaming services. and Cryptocurrency mining segment, which provides cryptocurrency computing services to blockchain platforms, and the majority of its revenue comes from live streaming segments.