Hypercharge Networks (TSXV:HC) Receivables Turnover : 0.45 (As of Dec. 2023)

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What is Hypercharge Networks 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. Hypercharge Networks's Revenue for the three months ended in Dec. 2023 was C$0.58 Mil. Hypercharge Networks's average Accounts Receivable for the three months ended in Dec. 2023 was C$1.28 Mil. Hence, Hypercharge Networks's Receivables Turnover for the three months ended in Dec. 2023 was 0.45.

Hypercharge Networks Receivables Turnover Historical Data

The historical data trend for Hypercharge Networks'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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Hypercharge Networks Receivables Turnover Chart

Hypercharge Networks Annual Data

Trend

Aug21

Receivables Turnover

Hypercharge Networks Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.53	-	0.52	0.71	0.45

Competitive Comparison of Hypercharge Networks's Receivables Turnover

For the Auto Parts subindustry, Hypercharge Networks'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.

Hypercharge Networks's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hypercharge Networks's Receivables Turnover distribution charts can be found below:

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

Hypercharge Networks Receivables Turnover Calculation

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

Hypercharge Networks's Receivables Turnover for the fiscal year that ended in Aug. 2021 is calculated as

	Receivables Turnover (A: Aug. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2021 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Aug. 2021 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Hypercharge Networks's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.582	/ (	(1.548	+	1.021)	/	2 )
=	0.582	/	1.2845
=	0.45

Hypercharge Networks (TSXV:HC) 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.

Hypercharge Networks Receivables Turnover Related Terms

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Hypercharge Networks (TSXV:HC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hypercharge Networks Corp (TSXV:HC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HCNWF:USA PB7:Germany

Address

1075 West 1st Street, Suite 208, North Vancouver, BC, CAN, V7P 3T4

Website

https://www.hypercharge.com

Hypercharge Networks Corp is an electric vehicle supply equipment company that provides turnkey electric vehicle charging solutions. As a clean-technology innovator, the company's mission is to accelerate EV adoption and shift towards a carbon-neutral economy by providing seamless, simple charging experiences through industry equipment and a robust network of public and private charging stations. It has a single segment, the sale of EV charging equipment, software, and maintenance contracts.

Executives

Jason Baybutt

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Hypercharge Networks (TSXV:HC) Headlines

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