Global Mofy Metaverse (Global Mofy Metaverse) Receivables Turnover : 4.70 (As of Sep. 2023)

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What is Global Mofy Metaverse 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. Global Mofy Metaverse's Revenue for the six months ended in Sep. 2023 was $14.07 Mil. Global Mofy Metaverse's average Accounts Receivable for the six months ended in Sep. 2023 was $2.99 Mil. Hence, Global Mofy Metaverse's Receivables Turnover for the six months ended in Sep. 2023 was 4.70.

Global Mofy Metaverse Receivables Turnover Historical Data

The historical data trend for Global Mofy Metaverse'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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Global Mofy Metaverse Receivables Turnover Chart

Global Mofy Metaverse Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

8.91

4.39

4.13

9.46

Global Mofy Metaverse Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			1.74	1.63	2.35	5.03	4.70

Competitive Comparison of Global Mofy Metaverse's Receivables Turnover

For the Information Technology Services subindustry, Global Mofy Metaverse'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.

Global Mofy Metaverse's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Global Mofy Metaverse's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global Mofy Metaverse's Receivables Turnover falls into.

Global Mofy Metaverse Receivables Turnover Calculation

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

Global Mofy Metaverse's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	26.89	/ (	(2.4	+	3.286)	/	2 )
=	26.89	/	2.843
=	9.46

Global Mofy Metaverse's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	14.066	/ (	(2.703	+	3.286)	/	2 )
=	14.066	/	2.9945
=	4.70

Global Mofy Metaverse (NAS:GMM) 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.

Global Mofy Metaverse Receivables Turnover Related Terms

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Global Mofy Metaverse (Global Mofy Metaverse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy Metaverse Ltd (NAS:GMM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy Metaverse (Global Mofy Metaverse) Headlines

From GuruFocus

Global Mofy Metaverse Limited Announces Closing of $6,000,000 Initial Public Offering

By Marketwired • 10-12-2023

Global Mofy Metaverse ("GMM"), 3D Digital Assets Operator, Debuts on Nasdaq

By ACN Newswire • 10-12-2023

Global Mofy Metaverse Limited Announces Pricing of $6,000,000 Initial Public Offering

By Marketwired • 10-09-2023