Hold Me (Hold Me) Receivables Turnover : 8.03 (As of Dec. 2023)

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What is Hold Me 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. Hold Me's Revenue for the six months ended in Dec. 2023 was $0.25 Mil. Hold Me's average Accounts Receivable for the six months ended in Dec. 2023 was $0.03 Mil. Hence, Hold Me's Receivables Turnover for the six months ended in Dec. 2023 was 8.03.

Hold Me Receivables Turnover Historical Data

The historical data trend for Hold Me'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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Hold Me Receivables Turnover Chart

Hold Me Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.43

0.29

0.51

8.03

Hold Me Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	2.43	0.29	0.51	8.03

Competitive Comparison of Hold Me's Receivables Turnover

For the Software - Application subindustry, Hold Me'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.

Hold Me's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Hold Me's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hold Me's Receivables Turnover falls into.

Hold Me Receivables Turnover Calculation

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

Hold Me'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 )
=	0.249	/ (	(0.057	+	0.005)	/	2 )
=	0.249	/	0.031
=	8.03

Hold Me'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.249	/ (	(0.057	+	0.005)	/	2 )
=	0.249	/	0.031
=	8.03

Hold Me (OTCPK:HMELF) 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.

Hold Me Receivables Turnover Related Terms

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Hold Me (Hold Me) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hold Me Ltd (OTCPK:HMELF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Golomb Street, Ness Ziyona, ISR, 7401337

Website

http://www.holdme.co.il

Hold Me Ltd Is a commercial software company. Its platform provides the technical infrastructure through Amazon Cloud to customers, using Application Programming Interface, or API. It connects brands, merchants, retailers, financial institutions, insurance companies, and other organizations with clients through innovative digital payment solutions. The company's product portfolio consists of a digital wallet platform (used for commercial engagement of brands with their end customers) and a digital banking service that can be used for innovation and development purposes by financial institutions. It generates the majority of its revenues through license fees.

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