Glacier Media (Glacier Media) Receivables Turnover : 1.36 (As of Dec. 2023)

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What is Glacier Media 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. Glacier Media's Revenue for the three months ended in Dec. 2023 was $26.6 Mil. Glacier Media's average Accounts Receivable for the three months ended in Dec. 2023 was $19.6 Mil. Hence, Glacier Media's Receivables Turnover for the three months ended in Dec. 2023 was 1.36.

Glacier Media Receivables Turnover Historical Data

The historical data trend for Glacier Media'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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Glacier Media Receivables Turnover Chart

Glacier Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.85

6.20

6.23

5.87

5.82

Glacier Media Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.34	1.29	1.28	1.49	1.36

Competitive Comparison of Glacier Media's Receivables Turnover

For the Publishing subindustry, Glacier Media'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.

Glacier Media's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Glacier Media's Receivables Turnover falls into.

Glacier Media Receivables Turnover Calculation

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

Glacier Media'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 )
=	115.489	/ (	(21.536	+	18.164)	/	2 )
=	115.489	/	19.85
=	5.82

Glacier Media'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	26.62	/ (	(21.114	+	18.164)	/	2 )
=	26.62	/	19.639
=	1.36

Glacier Media (OTCPK:GLMFF) 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.

Glacier Media Receivables Turnover Related Terms

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Glacier Media (Glacier Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Glacier Media Inc (OTCPK:GLMFF) » Definitions » Receivables Turnover

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GVC:Canada

Address

2188 Yukon Street, Vancouver, BC, CAN, V5Y 3P1

Website

https://www.glaciermedia.ca

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company's business-to-business content, marketing solutions and data information products that are environmental, and property-related. Commodity Information includes business-to-business content, marketing solutions, and data information products that are agriculture, energy and mining-related. The Community media segment includes the company's community media assets and related digital and printing operations. It has a business presence in the US and Canada and derives most of its revenue from the Community Media segment.