Noble Helium (ASX:NHE) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Noble Helium 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. Noble Helium's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Noble Helium's average Accounts Receivable for the six months ended in Dec. 2023 was A$4.53 Mil. Hence, Noble Helium's Receivables Turnover for the six months ended in Dec. 2023 was 0.00.

Noble Helium Receivables Turnover Historical Data

The historical data trend for Noble Helium'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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Noble Helium Receivables Turnover Chart

Noble Helium Annual Data

Trend

Jun22

Jun23

Receivables Turnover

Noble Helium Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	-	0.03	-	-

Competitive Comparison of Noble Helium's Receivables Turnover

For the Specialty Chemicals subindustry, Noble Helium'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.

Noble Helium's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Noble Helium's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Noble Helium's Receivables Turnover falls into.

Noble Helium Receivables Turnover Calculation

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

Noble Helium'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	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Noble Helium'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.001	/ (	(0	+	4.527)	/	1 )
=	0.001	/	4.527
=	0.00

Noble Helium (ASX:NHE) 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.

Noble Helium Receivables Turnover Related Terms

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Noble Helium (ASX:NHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Noble Helium Ltd (ASX:NHE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St. Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.noblehelium.com.au

Noble Helium Ltd is an Independent Helium exploration company In Australia with operations and explorations in Tanzania, East Africa. It is engaged in developing large new supplies of high-grade primary helium to diversify the supply chain for the rare and technologically vital gas. The company has three projects namely; North Rukwa Project, North Nyasa Project and Eyasi and Manyara Projects.

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