Inkeverse Group (HKSE:03700) Receivables Turnover : 36.57 (As of Jun. 2024)

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What is Inkeverse 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. Inkeverse Group's Revenue for the six months ended in Jun. 2024 was HK$3,804 Mil. Inkeverse Group's average Accounts Receivable for the six months ended in Jun. 2024 was HK$104 Mil. Hence, Inkeverse Group's Receivables Turnover for the six months ended in Jun. 2024 was 36.57.

Inkeverse Group Receivables Turnover Historical Data

The historical data trend for Inkeverse 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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Inkeverse Group Receivables Turnover Chart

Inkeverse Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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135.59

158.81

94.54

111.89

66.37

Inkeverse Group Semi-Annual Data
	Dec15	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													44.39	50.64	64.67	36.57	23.31

Competitive Comparison of Inkeverse Group's Receivables Turnover

For the Internet Content & Information subindustry, Inkeverse 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.

Inkeverse Group's Receivables Turnover Distribution in the Interactive Media Industry

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

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

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Inkeverse Group Receivables Turnover Calculation

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

Inkeverse 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 )
=	7486.685	/ (	(71.536	+	62.285)	/	2 )
=	7486.685	/	66.9105
=	111.89

Inkeverse 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 )
=	3803.614	/ (	(62.285	+	145.723)	/	2 )
=	3803.614	/	104.004
=	36.57

Inkeverse Group (HKSE:03700) 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.

Inkeverse Group Receivables Turnover Related Terms

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Inkeverse Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Inkeverse Group Ltd (HKSE:03700) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

5IK:Germany

Address

Zone C, Block A, Greenland Center, Area 4, Wangjing East Garden, Chaoyang District, Beijing, CHN, 100102

Website

https://www.inkeverse.com

Inkeverse Group Ltd is engaged in operating the live streaming platform and provision of advertising services in the People's Republic of China. The group business activities are mainly in the live streaming business and generate revenue from the same. It engages in the provision of value-added telecommunications services, internet cultural services, online audio and video program services, and talent agency services. Geographically, it derives revenue from China.

Executives

Kunlun Group Limited
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Fantastic Live Holdings Limited	2101 Beneficial owner
Feng Yousheng	2101 Beneficial owner
Wang Meilin	2202 Interest of your spouse
Hou Guangling	2201 Interest of corporation controlled by you
Bank Of America Corporation	2201 Interest of corporation controlled by you
Liao Jieming	2307 Founder of a discretionary trust who can infl
Luckystar Live Holdings Limited	2101 Beneficial owner
Hu Nan Fei Yang Wang Luo Xin Xi Fu Wu You Xian Gong Si	2101 Beneficial owner
Bei Jing Duo Mi Zai Xian Ke Ji Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Chen Yingyi
Liu Xiaosong	2201 Interest of corporation controlled by you
Feiyang Hongkong Limited	2201 Interest of corporation controlled by you

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