Wearable Health Solutions (Wearable Health Solutions) Receivables Turnover : 6.20 (As of Dec. 2023)

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What is Wearable Health Solutions 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. Wearable Health Solutions's Revenue for the three months ended in Dec. 2023 was $0.13 Mil. Wearable Health Solutions's average Accounts Receivable for the three months ended in Dec. 2023 was $0.02 Mil. Hence, Wearable Health Solutions's Receivables Turnover for the three months ended in Dec. 2023 was 6.20.

Wearable Health Solutions Receivables Turnover Historical Data

The historical data trend for Wearable Health Solutions'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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Wearable Health Solutions Receivables Turnover Chart

Wearable Health Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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17.30

46.52

43.56

40.23

Wearable Health Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															15.23	38.80	137.00	10.14	6.20

Competitive Comparison of Wearable Health Solutions's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Wearable Health Solutions'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.

Wearable Health Solutions's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Wearable Health Solutions's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wearable Health Solutions's Receivables Turnover falls into.

Wearable Health Solutions Receivables Turnover Calculation

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

Wearable Health Solutions's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	0.745	/ (	(0	+	0)	/	1 )
=	0.745	/	0
=	N/A

Wearable Health Solutions'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 )
=	0.127	/ (	(0.014	+	0.027)	/	2 )
=	0.127	/	0.0205
=	6.20

Wearable Health Solutions (OTCPK:WHSI) 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.

Wearable Health Solutions Receivables Turnover Related Terms

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Wearable Health Solutions (Wearable Health Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Wearable Health Solutions Inc (OTCPK:WHSI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2901 Pacific Coast Highway, Suite 200, Newport Beach, CA, USA, 92663

Website

https://www.wearablehealthsolutions.com

Wearable Health Solutions Inc is engaged in manufacturing medical alarm devices which are used to summon help in the event of an emergency. The company provides mobile health (mHealth) products and services to be used by customers in case of an emergency. As a provider of personal emergency devices, it provides wearable healthcare products, tracking services, and turn-key solutions that enable its users to be proactive with their health, as well as safe and protected.

Executives

Sandor Capital Master Fund, L.p.

10 percent owner

2828 ROUTH STREET, SUITE 500, DALLAS TX 75201