Halo Technologies Holdings (ASX:HAL) Accounts Receivable : A$0.13 Mil (As of Dec. 2023)

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What is Halo Technologies Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Halo Technologies Holdings's accounts receivables for the quarter that ended in Dec. 2023 was A$0.13 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Halo Technologies Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 3.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Halo Technologies Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.39.

Halo Technologies Holdings Accounts Receivable Historical Data

The historical data trend for Halo Technologies Holdings's Accounts Receivable 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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Halo Technologies Holdings Accounts Receivable Chart

Halo Technologies Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

2.40

2.32

0.13

Halo Technologies Holdings Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	2.91	2.32	3.14	0.13

Halo Technologies Holdings Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Halo Technologies Holdings Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Halo Technologies Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.132	/	7.038	*	91
=	3.42

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Halo Technologies Holdings's accounts receivable are only considered to be worth 75% of book value:

Halo Technologies Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(8.536	+	0.75 * 0.132	+	0.5 * 0	-	448.262
-	0	-	0)	/	129.495
=	-3.39

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Halo Technologies Holdings Accounts Receivable Related Terms

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Halo Technologies Holdings (ASX:HAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Halo Technologies Holdings Ltd (ASX:HAL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Barrack Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.halo-technologies.com

Halo Technologies Holdings Ltd is a provider and developer of financial services and technology. Halo is an online global equities research and trade execution software solution that brings sophisticated institutional-grade analytical frameworks and market insights to everyday investors. Halo includes two distinct and integrated offerings in HALO global, designed for hands on investors who want professional grade tools without the cost, and HALO Trading which offers global trade execution capability and ready-made themed investment portfolios that are ideal for low-touch and values based investors and SMSFs.