CA Cultural Technology Group (HKSE:01566) Receivables Turnover : 3.88 (As of Sep. 2023)

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What is CA Cultural 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. CA Cultural Technology Group's Revenue for the six months ended in Sep. 2023 was HK$175.6 Mil. CA Cultural Technology Group's average Accounts Receivable for the six months ended in Sep. 2023 was HK$45.3 Mil. Hence, CA Cultural Technology Group's Receivables Turnover for the six months ended in Sep. 2023 was 3.88.

CA Cultural Technology Group Receivables Turnover Historical Data

The historical data trend for CA Cultural 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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CA Cultural Technology Group Receivables Turnover Chart

CA Cultural Technology Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.70

2.07

3.10

2.29

3.22

CA Cultural Technology Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.41	0.75	1.27	1.78	3.88

Competitive Comparison of CA Cultural Technology Group's Receivables Turnover

For the Entertainment subindustry, CA Cultural 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.

CA Cultural Technology Group's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

CA Cultural Technology Group Receivables Turnover Calculation

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

CA Cultural Technology Group's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	360.302	/ (	(170.054	+	53.924)	/	2 )
=	360.302	/	111.989
=	3.22

CA Cultural Technology Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	175.617	/ (	(53.924	+	36.644)	/	2 )
=	175.617	/	45.284
=	3.88

CA Cultural Technology Group (HKSE:01566) 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.

CA Cultural Technology Group Receivables Turnover Related Terms

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CA Cultural Technology Group (HKSE:01566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CA Cultural Technology Group Ltd (HKSE:01566) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Harbour Road, Suites 2905, 29th Floor, China Resources Building, Wan Chai, Hong Kong, HKG

Website

https://www.animatechina.com

CA Cultural Technology Group Ltd is an investment holding company. The Company and its subsidiaries are engaged in the sales of animation derivative products, establishment and operation of indoor theme parks and multimedia animation entertainment in the PRC, Hong Kong and Japan. The company's reportable segment includes Sales of animation derivative products; Establishment and operation of indoor theme park CA SEGA JOYPOLIS brand; and Multimedia animation entertainment. It generates maximum revenue from the Establishment and operation of indoor theme parks segment.

Executives

Bright Rise Enterprises Limited	2101 Beneficial owner
Ikeda Shinichiro	2501 Other
Lee Sui Fong Fiona	2501 Other
Chong Heung Chung Jason	2201 Interest of corporation controlled by you
Bonville Glory Limited	2501 Other
Fortress Strength Limited	2501 Other
Dragon Year Group Limited	2501 Other
Ting Ka Fai Jeffrey	2501 Other
Newgate (ptc) Limited	2301 Trustee
East Jumbo Development Limited	2501 Other
Or Den Fung Bonnie	2501 Other
Fun Legend Limited	2101 Beneficial owner
Wang Xiu Hua	2101 Beneficial owner
Bloom Fort Limited	2101 Beneficial owner
Lo Yuk Yee	2201 Interest of corporation controlled by you

CA Cultural Technology Group (HKSE:01566) Headlines

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