Able View Global (Able View Global) Receivables Turnover : 4.29 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Able View Global 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. Able View Global's Revenue for the six months ended in Dec. 2023 was $67.3 Mil. Able View Global's average Accounts Receivable for the six months ended in Dec. 2023 was $15.7 Mil. Hence, Able View Global's Receivables Turnover for the six months ended in Dec. 2023 was 4.29.

Able View Global Receivables Turnover Historical Data

The historical data trend for Able View Global'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.

Able View Global Receivables Turnover Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

13.47

14.94

9.21

8.37

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			6.65	4.60	4.54	4.29	4.29

Competitive Comparison of Able View Global's Receivables Turnover

For the Advertising Agencies subindustry, Able View Global'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.

Able View Global's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Able View Global's Receivables Turnover falls into.

Able View Global Receivables Turnover Calculation

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

Able View Global'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 )
=	149	/ (	(21.138	+	14.476)	/	2 )
=	149	/	17.807
=	8.37

Able View Global'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 )
=	67.336	/ (	(16.913	+	14.476)	/	2 )
=	67.336	/	15.6945
=	4.29

Able View Global (NAS:ABLV) 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.

Able View Global Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Able View Global's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Able View Global (Able View Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

By ACCESSWIRE • 05-01-2024