Wanda Film Holding Co (SZSE:002739) Receivables Turnover : 2.32 (As of Mar. 2024)

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What is Wanda Film Holding Co 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. Wanda Film Holding Co's Revenue for the three months ended in Mar. 2024 was ¥3,821 Mil. Wanda Film Holding Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,649 Mil. Hence, Wanda Film Holding Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.32.

Wanda Film Holding Co Receivables Turnover Historical Data

The historical data trend for Wanda Film Holding Co'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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Wanda Film Holding Co Receivables Turnover Chart

Wanda Film Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.84

3.04

6.77

6.07

9.83

Wanda Film Holding Co 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															2.75	2.30	3.32	2.18	2.32

Competitive Comparison of Wanda Film Holding Co's Receivables Turnover

For the Entertainment subindustry, Wanda Film Holding Co'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.

Wanda Film Holding Co's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Wanda Film Holding Co's Receivables Turnover falls into.

Wanda Film Holding Co Receivables Turnover Calculation

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

Wanda Film Holding Co'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 )
=	14619.717	/ (	(1348.862	+	1624.618)	/	2 )
=	14619.717	/	1486.74
=	9.83

Wanda Film Holding Co'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 )
=	3821.261	/ (	(1624.618	+	1673.405)	/	2 )
=	3821.261	/	1649.0115
=	2.32

Wanda Film Holding Co (SZSE:002739) 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.

Wanda Film Holding Co Receivables Turnover Related Terms

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Wanda Film Holding Co (SZSE:002739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Wanda Film Holding Co Ltd (SZSE:002739) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 93 Jianguo Road, Tower B, Wanda Plaza, Chaoyang District, Beijing, CHN, 100022

Website

http://www.wandafilm.com

Wanda Film Holding Co Ltd operates and manages cinema in China. Its business activities include cinema investment, and construction of cinemas, film distribution, film screening, rental of commercial facilities, ticketing agent, graphic design and advertising. It is also engaged in the theater-related derivatives businesses, including the sale of goods and food and drinks, as well as advertising publishing.

Executives

Yin Xiang Jin	Director
Huang Shuo	Executives
Liu Xiao Bin	Directors, executives
Wang Hui Wu	Secretary, Director
Ceng Mao Jun	Directors, executives
Ceng Guang	Executives
Bo Yi Fei	Executives
Bao Wen	Executives

Wanda Film Holding Co (SZSE:002739) Headlines

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