Hour Loop (Hour Loop) Change In Receivables : $-0.2 Mil (TTM As of Mar. 2024)

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What is Hour Loop Change In Receivables?

Hour Loop's change in receivables for the quarter that ended in Mar. 2024 was $0.2 Mil. It means Hour Loop's Accounts Receivable declined by $0.2 Mil from Dec. 2023 to Mar. 2024 .

Hour Loop's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.4 Mil. It means Hour Loop's Accounts Receivable increased by $0.4 Mil from Dec. 2022 to Dec. 2023 .

Hour Loop's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.5 Mil.

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 Receivable are being managed. Hour Loop's Days Sales Outstanding for the three months ended in Mar. 2024 was 1.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hour Loop's liquidation value for the three months ended in Mar. 2024 was $-2.1 Mil.

Hour Loop Change In Receivables Historical Data

The historical data trend for Hour Loop's Change In Receivables 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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Hour Loop Change In Receivables Chart

Hour Loop Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.12

-0.09

0.09

-0.23

-0.40

Hour Loop Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												0.01	0.02	-0.42	-0.01	0.21

Hour Loop Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.2 Mil.

Hour Loop (NAS:HOUR) Change In Receivables 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 Receivable are being managed.

Hour Loop's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.538	/	24.681	*	91
=	1.99

2. In Ben Graham's calculation of liquidation value, Hour Loop's accounts receivable are only considered to be worth 75% of book value:

Hour Loop's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.922	-	11.207	+	0.75 * 0.538	+	0.5 * 11.618
=	-2.1

Hour Loop Change In Receivables Related Terms

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Hour Loop (Hour Loop) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hour Loop Inc (NAS:HOUR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 164th Avenue North East, Redmond, WA, USA, 98052-7615

Website

https://www.hourloop.com

Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics.

Executives

Hillary Hui-chong Bui	director	C/O HOUR LOOP, INC. 8201 164TH AVE. NE, REDMOND WA 98052-7615
Sau Kuen Yu	director, 10 percent owner, officer: Senior Vice President	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Rahul Ray Ratan	officer: Chief Financial Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Sam Lai	director, 10 percent owner, officer: Chief Executive Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Michael Minkin Lenner	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Douglas Ian Branch	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Minghui Gao	director	C/O HOUR LOOP, INC., 8201 164TH AVE NE, #200, REDMOND WA 98052-7615

Hour Loop (Hour Loop) Headlines

From GuruFocus

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By GlobeNewswire GlobeNewswire • 01-06-2022

Hour Loop Expands Operations with Multiple New Offices in Taiwan

By GuruFocusNews GuruFocusNews • 02-22-2022