Helo (HLOC) Receivables Turnover : 0.67 (As of Sep. 2023)

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What is Helo 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. Helo's Revenue for the three months ended in Sep. 2023 was $1.28 Mil. Helo's average Accounts Receivable for the three months ended in Sep. 2023 was $1.89 Mil. Hence, Helo's Receivables Turnover for the three months ended in Sep. 2023 was 0.67.

Helo Receivables Turnover Historical Data

The historical data trend for Helo'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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Helo Receivables Turnover Chart

Helo Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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3.53

4.67

10.28

Helo Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun22	Sep22	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	0.70	0.67

Competitive Comparison of Helo's Receivables Turnover

For the Consumer Electronics subindustry, Helo'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.

Helo's Receivables Turnover Distribution in the Hardware Industry

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

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

Helo Receivables Turnover Calculation

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

Helo's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	5.032	/ (	(0	+	0)	/	1 )
=	5.032	/	0
=	N/A

Helo's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1.276	/ (	(1.748	+	2.037)	/	2 )
=	1.276	/	1.8925
=	0.67

Helo (OTCPK:HLOC) 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.

Helo Receivables Turnover Related Terms

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Helo (HLOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Helo Corp (OTCPK:HLOC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

180 Steuart Street, Suite 192750, San Francisco, CA, USA, 94119

Website

https://www.helocorp.com

Helo Corp is a life-sensing technology company. The company designs, manufactures and sells connected, next-generation, wearable devices, and mobile products. It designs and sells its own range of integrated mobile technology products such as SPACE Wireless smartphones and Helo smart bands. These products are manufactured by third-party factories in China. It also provides mobile telecom services to consumers through exclusive sales agreements with regional third-party distributors across the world.