AINHF (Ai-Media Technologies) Receivables Turnover : 3.30 (As of Jun. 2024)

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What is Ai-Media Technologies 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. Ai-Media Technologies's Revenue for the six months ended in Jun. 2024 was $22.25 Mil. Ai-Media Technologies's average Accounts Receivable for the six months ended in Jun. 2024 was $6.75 Mil. Hence, Ai-Media Technologies's Receivables Turnover for the six months ended in Jun. 2024 was 3.30.

Ai-Media Technologies Receivables Turnover Historical Data

The historical data trend for Ai-Media Technologies'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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Ai-Media Technologies Receivables Turnover Chart

Ai-Media Technologies Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

3.93

4.77

5.43

6.16

Ai-Media Technologies Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial				2.36	2.60	2.90	3.25	3.30

Competitive Comparison of Ai-Media Technologies's Receivables Turnover

For the Entertainment subindustry, Ai-Media Technologies'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.

Ai-Media Technologies's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Ai-Media Technologies's Receivables Turnover falls into.

Ai-Media Technologies Receivables Turnover Calculation

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

Ai-Media Technologies's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	43.981	/ (	(7.121	+	7.164)	/	2 )
=	43.981	/	7.1425
=	6.16

Ai-Media Technologies's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	22.25	/ (	(6.34	+	7.164)	/	2 )
=	22.25	/	6.752
=	3.30

Ai-Media Technologies (OTCPK:AINHF) 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.

Ai-Media Technologies Receivables Turnover Related Terms

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Ai-Media Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ai-Media Technologies Ltd (OTCPK:AINHF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AIM:Australia

Address

103 Miller Street, Level 1, North Sydney, NSW, AUS, 2060

Website

https://www.ai-media.tv

Ai-Media Technologies Ltd is a provider of live and recorded captioning, transcription, subtitles, translation, and speech analytics using a proprietary, cloud-based technology platform. The company has three operating segments based on geographical locations: Australia and New Zealand, North America (which includes Canada and the United States of America), and the Rest of the world (which includes the United Kingdom, Singapore, and Malaysia) and the majority of its revenue generates from North America.