Huddled Group (LSE:HUD) Receivables Turnover : 0.26 (As of Jun. 2023)

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What is Huddled Group 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. Huddled Group's Revenue for the six months ended in Jun. 2023 was £0.06 Mil. Huddled Group's average Accounts Receivable for the six months ended in Jun. 2023 was £0.24 Mil. Hence, Huddled Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.26.

Huddled Group Receivables Turnover Historical Data

The historical data trend for Huddled Group'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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Huddled Group Receivables Turnover Chart

Huddled Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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4.72

11.94

21.66

5.39

1.28

Huddled Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial							10.02	0.32	0.12	1.14	0.26

Competitive Comparison of Huddled Group's Receivables Turnover

For the Entertainment subindustry, Huddled Group'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.

Huddled Group's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Huddled Group's Receivables Turnover distribution charts can be found below:

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

Huddled Group Receivables Turnover Calculation

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

Huddled Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	0.796	/ (	(0.836	+	0.403)	/	2 )
=	0.796	/	0.6195
=	1.28

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

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	0.062	/ (	(0.403	+	0.081)	/	2 )
=	0.062	/	0.242
=	0.26

Huddled Group (LSE:HUD) 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.

Huddled Group Receivables Turnover Related Terms

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Huddled Group (LSE:HUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Huddled Group PLC (LSE:HUD) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

80 Mount Street, Cumberland Court, Nottingham, ENG, NG1 6HH

Website

https://www.letsexploregroup.com

Huddled Group PLC formerly Immotion Group PLC provides virtual reality platforms. The principal activities of the Group were: (i) the provision of virtual reality (VR) experiences to partner sites on a revenue share basis and in its own ImmotionVR sites; (ii) the sale of the Group's Let's Explore consumer product; and (iii) the sale of the Group's Uvisan UV-C cleansing products. Activities (i) and (iii) have been disposed of since the reporting date and are included in discontinued operations.