Media Chinese International (XKLS:5090) Receivables Turnover : 1.60 (As of Dec. 2023)

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What is Media Chinese International 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. Media Chinese International's Revenue for the three months ended in Dec. 2023 was RM169.4 Mil. Media Chinese International's average Accounts Receivable for the three months ended in Dec. 2023 was RM105.7 Mil. Hence, Media Chinese International's Receivables Turnover for the three months ended in Dec. 2023 was 1.60.

Media Chinese International Receivables Turnover Historical Data

The historical data trend for Media Chinese International'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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Media Chinese International Receivables Turnover Chart

Media Chinese International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.50

10.49

6.26

7.91

9.47

Media Chinese International 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															1.67	1.83	2.14	2.01	1.60

Competitive Comparison of Media Chinese International's Receivables Turnover

For the Publishing subindustry, Media Chinese International'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.

Media Chinese International's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

Media Chinese International Receivables Turnover Calculation

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

Media Chinese International's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	592.172	/ (	(63.479	+	61.576)	/	2 )
=	592.172	/	62.5275
=	9.47

Media Chinese International'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 )
=	169.379	/ (	(96.241	+	115.076)	/	2 )
=	169.379	/	105.6585
=	1.60

Media Chinese International (XKLS:5090) 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.

Media Chinese International Receivables Turnover Related Terms

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Media Chinese International (XKLS:5090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Chinese International Ltd (XKLS:5090) » Definitions » Receivables Turnover

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00685:Hong Kong

Address

18 Ka Yip Street, 15th Floor, Block A, Ming Pao Industrial Centre, Chai Wan, Hong Kong, HKG

Website

https://www.mediachinesegroup.com

Media Chinese International Ltd is a Hong Kong-based investment holding company principally engaged in publishing, printing, and distributing newspapers, magazines, books, and digital content that are written in Chinese. The company also provides travel and travel-related services. The group operates through various geographical regions, including Malaysia and other Southeast Asian countries, Hong Kong, Taiwan, and North America; however, the company derives the majority of its revenue from the publishing and printing business.

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