Smart Digital Technology Group (HKSE:01159) Receivables Turnover : 2.24 (As of Jun. 2024)

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What is Smart Digital Technology 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. Smart Digital Technology Group's Revenue for the six months ended in Jun. 2024 was HK$25.57 Mil. Smart Digital Technology Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$11.44 Mil. Hence, Smart Digital Technology Group's Receivables Turnover for the six months ended in Jun. 2024 was 2.24.

Smart Digital Technology Group Receivables Turnover Historical Data

The historical data trend for Smart Digital Technology 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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Smart Digital Technology Group Receivables Turnover Chart

Smart Digital Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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0.21

3.92

3.12

10.00

3.36

Smart Digital Technology 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															1.50	21.76	6.01	2.24	1.36

Competitive Comparison of Smart Digital Technology Group's Receivables Turnover

For the Entertainment subindustry, Smart Digital Technology 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.

Smart Digital Technology Group's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Smart Digital Technology Group's Receivables Turnover falls into.

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Smart Digital Technology Group Receivables Turnover Calculation

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

Smart Digital Technology Group'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 )
=	80.336	/ (	(4.054	+	12.006)	/	2 )
=	80.336	/	8.03
=	10.00

Smart Digital Technology Group's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	25.569	/ (	(12.006	+	10.873)	/	2 )
=	25.569	/	11.4395
=	2.24

Smart Digital Technology Group (HKSE:01159) 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.

Smart Digital Technology Group Receivables Turnover Related Terms

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Smart Digital Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smart Digital Technology Group Ltd (HKSE:01159) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 King’s Road, Room 01, 12th Floor, Taikoo Shing, Hong Kong, HKG

Website

http://www.starlightcul.com.hk

Smart Digital Technology Group Ltd formerly Starlight Culture Entertainment Group Ltd is engaged in media and culture business. It operates in a single segment Media and Culture business that engages in investment production and distribution of entertainment content such as film and television programs. The company derives revenue from the United States of America.

Executives

Cresent Investment Company Ltd	2101 Beneficial owner
Chen Congyuan Emerald	2201 Interest of corporation controlled by you
Timcha Investment Limited	2101 Beneficial owner
Okelo Holdings Limited	2101 Beneficial owner
Wang Ji	2201 Interest of corporation controlled by you
Luo Lei	2101 Beneficial owner
Supermax Holdings Group Limited
Zhao Liang
Sang Kangqiao	2106 Person having a security interest in shares
Mega Start Limited	2101 Beneficial owner
Chau Chit	2201 Interest of corporation controlled by you
Jiang Yin Xing Hui Wen Hua Chuan Bo You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Bin Jiang Ke Ji Chuang Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Yin Ke Ji Xin Cheng Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Xu Peng

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