Ondas Holdings (XTAE:ONDS) Receivables Turnover : 0.22 (As of Mar. 2024)

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What is Ondas Holdings 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. Ondas Holdings's Revenue for the three months ended in Mar. 2024 was ₪2.35 Mil. Ondas Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was ₪10.45 Mil. Hence, Ondas Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 0.22.

Ondas Holdings Receivables Turnover Historical Data

The historical data trend for Ondas Holdings'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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Ondas Holdings Receivables Turnover Chart

Ondas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.81

63.61

4.61

3.23

8.88

Ondas Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.25	1.81	0.54	1.19	0.22

Competitive Comparison of Ondas Holdings's Receivables Turnover

For the Communication Equipment subindustry, Ondas Holdings'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.

Ondas Holdings's Receivables Turnover Distribution in the Hardware Industry

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

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

Ondas Holdings Receivables Turnover Calculation

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

Ondas Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	59.035	/ (	(0.391	+	12.905)	/	2 )
=	59.035	/	6.648
=	8.88

Ondas Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2.351	/ (	(12.905	+	7.999)	/	2 )
=	2.351	/	10.452
=	0.22

Ondas Holdings (XTAE:ONDS) 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.

Ondas Holdings Receivables Turnover Related Terms

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Ondas Holdings (XTAE:ONDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondas Holdings Inc (XTAE:ONDS) » Definitions » Receivables Turnover

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ONDS:USA 1B8:Germany

Address

411 Waverley Oaks Road, Suite 114, Waltham, MA, USA, 02452

Website

https://www.ondas.com

Ondas Holdings Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. Its FullMAX system of wireless base stations, fixed and mobile remote radios are deployed by customers to create wide-area wireless broadband cellular networks. The company markets and sells its products to companies in the electric utilities, water and wastewater utilities, oil and gas producers, and for other critical infrastructure applications in areas such as homeland security and defense, and transportation.