CMGR (Clubhouse Media Group) Receivables Turnover: 49.06 (As of Jun. 2024)

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What is Clubhouse Media Group Receivables Turnover?

Clubhouse Media Group CMGR Receivables Turnover is 49.06 as of Jun. 2024.

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. Clubhouse Media Group's Revenue for the three months ended in Jun. 2024 was $0.42 Mil. Clubhouse Media Group's average Accounts Receivable for the three months ended in Jun. 2024 was $0.01 Mil. Hence, Clubhouse Media Group's Receivables Turnover for the three months ended in Jun. 2024 was 49.06.

Clubhouse Media Group  (OTCPK:CMGR) 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.

Clubhouse Media Group Receivables Turnover Related Terms

Clubhouse Media Group Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Clubhouse Media Group'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.

Clubhouse Media Group Receivables Turnover Chart

Clubhouse Media Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4.74 18.66 8.28 166.11

Clubhouse Media Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 2.82 0.00 26.80 49.06

CMGR vs DBMM, MMND, TC: Receivables Turnover Comparison

For the Advertising Agencies subindustry, Clubhouse Media Group'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.

Clubhouse Media Group Receivables Turnover vs Media - Diversified Industry

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

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


Clubhouse Media Group Receivables Turnover Calculation

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

Clubhouse Media Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=1.495 / ((0.003 + 0.015) / 2 )
=1.495 / 0.009
=166.11

Clubhouse Media Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=0.417 / ((0.015 + 0.002) / 2 )
=0.417 / 0.0085
=49.06

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 49.06 mean?
Clubhouse Media Group (CMGR) has a Receivables Turnover of 49.06 as of Jun. 2024. The accounts 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. View historical data on Clubhouse Media Group and its competitors.
Is Clubhouse Media Group's Receivables Turnover too high?
Clubhouse Media Group's current Receivables Turnover is 49.06. The Media - Diversified industry median Receivables Turnover is 5.33. Clubhouse Media Group's value of 49.06 is 820.5% above this industry median.
How does Clubhouse Media Group's Receivables Turnover compare to DBMM and MMND?
Clubhouse Media Group's Receivables Turnover of 49.06 can be compared against companies in the Media - Diversified industry. The industry median Receivables Turnover is 5.33. Clubhouse Media Group's value of 49.06 is 820.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Media - Diversified company?
The median Receivables Turnover among Media - Diversified companies is 5.33, based on 1,004 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clubhouse Media Group's current Receivables Turnover of 49.06 is 820.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Clubhouse Media Group and its competitors. For the Media - Diversified industry, the median Receivables Turnover is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clubhouse Media Group's current Receivables Turnover is 49.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clubhouse Media Group stock overvalued right now?
Clubhouse Media Group (CMGR) has a current Receivables Turnover of 49.06. The current Receivables Turnover is 49.06 and 820.5% above the Media - Diversified industry median of 5.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Clubhouse Media Group (CMGR), the current Receivables Turnover is 49.06 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clubhouse Media Group Business Description

Address 3651 Lindell Road, Suite D517, Las Vegas, NV, USA, 89103
Clubhouse Media Group Inc is a social media firm. The company focuses its efforts and resources on growing its wholly owned, creator monetization platform, HoneyDrip.com. The platform allows celebrities and influencers to create, post, communicate, and sell content directly to their fans. The company collects 30% commission on all transactions on the site.