AMTD Digital (AMTD Digital) Receivables Turnover : 1.62 (As of Oct. 2023)

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What is AMTD Digital 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. AMTD Digital's Revenue for the six months ended in Oct. 2023 was $8.68 Mil. AMTD Digital's average Accounts Receivable for the six months ended in Oct. 2023 was $5.37 Mil. Hence, AMTD Digital's Receivables Turnover for the six months ended in Oct. 2023 was 1.62.

AMTD Digital Receivables Turnover Historical Data

The historical data trend for AMTD Digital'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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AMTD Digital Receivables Turnover Chart

AMTD Digital Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

0.85

11.99

4.87

3.62

4.46

AMTD Digital Semi-Annual Data
	Apr19	Apr20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Receivables Turnover	Get a 7-Day Free Trial			1.46	2.43	1.90	1.97	1.62

Competitive Comparison of AMTD Digital's Receivables Turnover

For the Software - Application subindustry, AMTD Digital'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.

AMTD Digital's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, AMTD Digital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AMTD Digital's Receivables Turnover falls into.

AMTD Digital Receivables Turnover Calculation

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

AMTD Digital's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	33.066	/ (	(5.039	+	9.803)	/	2 )
=	33.066	/	7.421
=	4.46

AMTD Digital's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Apr. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	8.677	/ (	(9.803	+	0.934)	/	2 )
=	8.677	/	5.3685
=	1.62

AMTD Digital (NYSE:HKD) 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.

AMTD Digital Receivables Turnover Related Terms

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AMTD Digital (AMTD Digital) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

27-29 rue de Bassano, Paris, FRA

Website

https://www.amtdigital.net

AMTD Digital Inc is a comprehensive digital solutions platform in Asia with businesses spanning multiple verticals, including digital financial services, SpiderNet ecosystem solutions, digital media, content, and marketing, and digital investments.