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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. Grom Social Enterprises's Revenue for the
three
months ended in Mar. 2024 was $0.87 Mil. Grom Social Enterprises's average Accounts Receivable for the
three
months ended in Mar. 2024 was $0.39 Mil.
Hence, Grom Social Enterprises's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.27.
Grom Social Enterprises (OTCPK:GROM) 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.
Grom Social Enterprises Receivables Turnover Related Terms
Grom Social Enterprises Receivables Turnover Historical Data
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The historical data trend for Grom Social Enterprises'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.
Grom Social Enterprises Receivables Turnover Chart
GROM vs FMHS, HMLA, GOOGL: Receivables Turnover Comparison
For the Internet Content & Information subindustry, Grom Social Enterprises'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.
Grom Social Enterprises Receivables Turnover vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Grom Social Enterprises's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Grom Social Enterprises's Receivables Turnover falls into.
* 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.
Grom Social Enterprises (GROM) has a Receivables Turnover of 2.27 as of Mar. 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 Grom Social Enterprises and its competitors.
Is Grom Social Enterprises' Receivables Turnover too high?
Grom Social Enterprises' current Receivables Turnover is 2.27. The Interactive Media industry median Receivables Turnover is 7.87. Grom Social Enterprises' value of 2.27 is 71.2% below this industry median. Overall, Grom Social Enterprises has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Grom Social Enterprises' Receivables Turnover compare to FMHS and HMLA?
Grom Social Enterprises' Receivables Turnover of 2.27 can be compared against companies in the Interactive Media industry. The industry median Receivables Turnover is 7.87. Grom Social Enterprises' value of 2.27 is 71.2% below 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 an Interactive Media company?
The median Receivables Turnover among Interactive Media companies is 7.87, based on 541 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. Grom Social Enterprises's current Receivables Turnover of 2.27 is 71.2% below 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 Grom Social Enterprises and its competitors. For the Interactive Media industry, the median Receivables Turnover is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grom Social Enterprises's current Receivables Turnover is 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grom Social Enterprises stock overvalued right now?
Grom Social Enterprises (GROM) has a current Receivables Turnover of 2.27. The current Receivables Turnover is 2.27 and 71.2% below the Interactive Media industry median of 7.87. Grom Social Enterprises' overall GF Score™ is 12/100. 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 Grom Social Enterprises (GROM), the current Receivables Turnover is 2.27 as of Mar. 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.
Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games. It has three reportable business segments: Animation, which includes TDH; Original Content, which includes CIM; and Social & Technology, which includes GSOC and GEDU. The majority of its revenue is from the Animation segment.
12GF Score
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