Hestia Insight (Hestia Insight) Receivables Turnover : 4.75 (As of Feb. 2024)

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What is Hestia Insight 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. Hestia Insight's Revenue for the three months ended in Feb. 2024 was $0.04 Mil. Hestia Insight's average Accounts Receivable for the three months ended in Feb. 2024 was $0.01 Mil. Hence, Hestia Insight's Receivables Turnover for the three months ended in Feb. 2024 was 4.75.

Hestia Insight Receivables Turnover Historical Data

The historical data trend for Hestia Insight'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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Hestia Insight Receivables Turnover Chart

Hestia Insight Annual Data

Trend

Nov22

Nov23

Receivables Turnover

Hestia Insight Quarterly Data
	Feb22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	4.75

Competitive Comparison of Hestia Insight's Receivables Turnover

For the Software - Application subindustry, Hestia Insight'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.

Hestia Insight's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Hestia Insight's Receivables Turnover falls into.

Hestia Insight Receivables Turnover Calculation

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

Hestia Insight's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	0.113	/ (	(0	+	0)	/	1 )
=	0.113	/	0
=	N/A

Hestia Insight's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	0.038	/ (	(0	+	0.008)	/	1 )
=	0.038	/	0.008
=	4.75

Hestia Insight (OTCPK:HSTA) 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.

Hestia Insight Receivables Turnover Related Terms

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Hestia Insight (Hestia Insight) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hestia Insight Inc (OTCPK:HSTA) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

400 S. 4th Street, Suite 500, Las Vegas, NV, USA, 89101

Website

http://www.hestiainsight.com

Hestia Insight Inc provides strategic consulting and capital market advisory services for micro, small and medium-sized companies in the healthcare, biotech and fintech sectors. It also provides access to seed capital and mezzanine funding for qualified emerging companies in these industries. The firm derives all of its revenue from consulting services.