iDreamSky Technology Holdings (HKSE:01119) Receivables Turnover : 1.71 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is iDreamSky Technology Holdings 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. iDreamSky Technology Holdings's Revenue for the six months ended in Dec. 2023 was HK$870 Mil. iDreamSky Technology Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was HK$509 Mil. Hence, iDreamSky Technology Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 1.71.

iDreamSky Technology Holdings Receivables Turnover Historical Data

The historical data trend for iDreamSky Technology Holdings'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.

* Premium members only.

iDreamSky Technology Holdings Receivables Turnover Chart

iDreamSky Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.03

3.07

2.79

3.28

3.45

iDreamSky Technology Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											1.36	1.77	1.61	1.72	1.71

Competitive Comparison of iDreamSky Technology Holdings's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, iDreamSky Technology Holdings'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.

iDreamSky Technology Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, iDreamSky Technology Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where iDreamSky Technology Holdings's Receivables Turnover falls into.

iDreamSky Technology Holdings Receivables Turnover Calculation

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

iDreamSky Technology Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2096.198	/ (	(809.542	+	403.889)	/	2 )
=	2096.198	/	606.7155
=	3.45

iDreamSky Technology Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	869.804	/ (	(613.635	+	403.889)	/	2 )
=	869.804	/	508.762
=	1.71

iDreamSky Technology Holdings (HKSE:01119) 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.

iDreamSky Technology Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of iDreamSky Technology Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

iDreamSky Technology Holdings (HKSE:01119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » iDreamSky Technology Holdings Ltd (HKSE:01119) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

08IA:Germany

Address

15 Keyuan Road, 16th Floor, A3 Building, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.idreamsky.com

iDreamSky Technology Holdings Ltd operates a digital entertainment platform in the game publishing market in China. Its gaming portfolio includes role-playing games, endless running games, matching puzzle games and casual competition games among others. The company has two reportable segment: Game and information services segment and IP derivatives business segment.

Executives

Chen Xiangyu	2201 Interest of corporation controlled by you
Brilliant Seed Limited
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Bank Of America Corporation	2201 Interest of corporation controlled by you
Dream Investment Holdings Limited
Dream Technology Holdings Limited
Idreamsky Technology Limited
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Chen Xiangyu
Yong Rong (hk) Asset Management Limited	2102 Investment manager
Tencent Mobility Limited

iDreamSky Technology Holdings (HKSE:01119) Headlines

No Headlines