Haoxi Health Technology (Haoxi Health Technology) Receivables Turnover : 208.00 (As of Dec. 2023)

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What is Haoxi Health Technology 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. Haoxi Health Technology's Revenue for the six months ended in Dec. 2023 was $23.50 Mil. Haoxi Health Technology's average Accounts Receivable for the six months ended in Dec. 2023 was $0.11 Mil. Hence, Haoxi Health Technology's Receivables Turnover for the six months ended in Dec. 2023 was 208.00.

Haoxi Health Technology Receivables Turnover Historical Data

The historical data trend for Haoxi Health Technology'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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Haoxi Health Technology Receivables Turnover Chart

Haoxi Health Technology Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

19.20

48.01

4,704.83

Haoxi Health Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			11.06	2,188.75	3,665.20	4,236.89	208.00

Competitive Comparison of Haoxi Health Technology's Receivables Turnover

For the Advertising Agencies subindustry, Haoxi Health Technology'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.

Haoxi Health Technology's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Haoxi Health Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haoxi Health Technology's Receivables Turnover falls into.

Haoxi Health Technology Receivables Turnover Calculation

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

Haoxi Health Technology'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 )
=	28.229	/ (	(0.004	+	0.008)	/	2 )
=	28.229	/	0.006
=	4,704.83

Haoxi Health Technology'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 )
=	23.504	/ (	(0.008	+	0.218)	/	2 )
=	23.504	/	0.113
=	208.00

Haoxi Health Technology (NAS:HAO) 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.

Haoxi Health Technology Receivables Turnover Related Terms

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Haoxi Health Technology (Haoxi Health Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Haoxi Health Technology Ltd (NAS:HAO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anli Road, Room 801, Tower C, Floor 8, Building 103, Huizhongli, Chaoyang, Beijing, CHN

Website

https://www.haoximedia.com

Haoxi Health Technology Ltd is an online marketing solution provider in China, with an advertiser client base mainly in the healthcare industry. Haoxi has been rooted in the field of local online effect marketing for many years, serving leading customers in various industries at home and abroad, and its main business is the medical industry. It generates its revenue by providing one-stop online marketing solutions, in particular online short video marketing solutions, to advertisers through its media partners. The company provides customized marketing solutions by planning, producing, placing, and optimizing online ads, especially online short video ads, to help its advertisers acquire, convert, and retain ultimate consumers on various online media platforms.

Haoxi Health Technology (Haoxi Health Technology) Headlines

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