Nine Entertainment Co. Holdings (ASX:NEC) Receivables Turnover : 3.56 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Nine Entertainment Co. 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. Nine Entertainment Co. Holdings's Revenue for the six months ended in Dec. 2023 was A$1,371 Mil. Nine Entertainment Co. Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$385 Mil. Hence, Nine Entertainment Co. Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 3.56.

Nine Entertainment Co. Holdings Receivables Turnover Historical Data

The historical data trend for Nine Entertainment Co. 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.

* Premium members only.

Nine Entertainment Co. Holdings Receivables Turnover Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

5.69

6.83

7.67

7.22

6.77

Nine Entertainment Co. Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.68	3.59	3.35	3.01	3.56

Competitive Comparison of Nine Entertainment Co. Holdings's Receivables Turnover

For the Entertainment subindustry, Nine Entertainment Co. 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.

Nine Entertainment Co. Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nine Entertainment Co. Holdings's Receivables Turnover falls into.

Nine Entertainment Co. Holdings Receivables Turnover Calculation

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

Nine Entertainment Co. Holdings'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 )
=	2694.602	/ (	(387.731	+	408.737)	/	2 )
=	2694.602	/	398.234
=	6.77

Nine Entertainment Co. Holdings'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 )
=	1371.33	/ (	(408.737	+	362.207)	/	2 )
=	1371.33	/	385.472
=	3.56

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Nine Entertainment Co. Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

No Headlines