SEEC Media Group (HKSE:00205) Receivables Turnover : 0.27 (As of Dec. 2024)

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What is SEEC Media Group 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. SEEC Media Group's Revenue for the six months ended in Dec. 2024 was HK$14.82 Mil. SEEC Media Group's average Accounts Receivable for the six months ended in Dec. 2024 was HK$54.00 Mil. Hence, SEEC Media Group's Receivables Turnover for the six months ended in Dec. 2024 was 0.27.

SEEC Media Group Receivables Turnover Historical Data

The historical data trend for SEEC 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.

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SEEC Media Group Receivables Turnover Chart

SEEC Media Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.56

0.52

0.77

0.61

0.56

SEEC Media Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.44	0.36	0.27	0.24	0.27

Competitive Comparison of SEEC Media Group's Receivables Turnover

For the Advertising Agencies subindustry, SEEC 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.

SEEC Media Group's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

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SEEC Media Group Receivables Turnover Calculation

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

SEEC Media Group's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	30.151	/ (	(63.861	+	44.301)	/	2 )
=	30.151	/	54.081
=	0.56

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

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	14.82	/ (	(63.69	+	44.301)	/	2 )
=	14.82	/	53.9955
=	0.27

SEEC Media Group (HKSE:00205) 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.

SEEC Media Group Receivables Turnover Related Terms

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SEEC Media Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » SEEC Media Group Ltd (HKSE:00205) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

345 Nathan Road, Room 1408, 14th Floor, Wing On Kowloon Centre, Kowloon, Hong Kong, HKG

Website

http://www.seec-media.com.hk

SEEC Media Group Ltd is a China-based company involved in the advertising services business sector. The company has a various operating segment that are Provision of advertising services, Sales of Books and Magazines, Provision of Securities Broking services, Provision of E-Commerce Platform services; and Money lending out of which the Advertising service segment earns maximum revenue for the company. The group's operations are located in the PRC and Hong Kong, of which key revenue is derived from the PRC.

Executives

Yong Rong (hk) Asset Management Limited	2102 Investment manager
Li Wei	2101 Beneficial owner
Ni Songhua	2103 Interests held jointly with another person

SEEC Media Group Headlines

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