Reliant Holdings (Reliant Holdings) Receivables Turnover : 576.00 (As of Mar. 2024)

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What is Reliant Holdings 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. Reliant Holdings's Revenue for the three months ended in Mar. 2024 was $0.58 Mil. Reliant Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $0.00 Mil. Hence, Reliant Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 576.00.

Reliant Holdings Receivables Turnover Historical Data

The historical data trend for Reliant Holdings'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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Reliant Holdings Receivables Turnover Chart

Reliant Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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426.20

559.20

2,455.00

Reliant Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															-	126.67	238.80	454.00	576.00

Competitive Comparison of Reliant Holdings's Receivables Turnover

For the Engineering & Construction subindustry, Reliant Holdings'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.

Reliant Holdings's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reliant Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Reliant Holdings's Receivables Turnover falls into.

Reliant Holdings Receivables Turnover Calculation

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

Reliant Holdings'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 )
=	2.455	/ (	(0	+	0.001)	/	1 )
=	2.455	/	0.001
=	2,455.00

Reliant Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	0.576	/ (	(0.001	+	0.001)	/	2 )
=	0.576	/	0.001
=	576.00

Reliant Holdings (OTCPK:RELT) 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.

Reliant Holdings Receivables Turnover Related Terms

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Reliant Holdings (Reliant Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliant Holdings Inc (OTCPK:RELT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12343 Hymeadow Drive, Suite 3-A, Austin, TX, USA, 78750

Website

https://reliantholdingsinc.com

Reliant Holdings Inc, through its subsidiary, is involved in assisting customers with the design of, and then construction, recreational pools that blend in with the surroundings, geometric pools that complement the home's architecture and water features. The company builds Freeform Pool and Geometric Pool, concrete pools, and in-ground residential swimming pools. It also offers cleaning, treating, maintenance, and repair services to pools and spas.

Executives

Miguel Chavez	10 percent owner	10012 BARBROOK DR, AUSTIN TX 78726
Elijah May	director, 10 percent owner, officer: President, CEO and COO	8400 JAMESTOWN DR. UNIT 422, AUSTIN TX 78758
Rebecca Spohn Donovan	10 percent owner	6501 SAN ANTONIO DR. NE #2403, ALBUQUERQUE NM 87109

Reliant Holdings (Reliant Holdings) Headlines

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