Many Idea Cloud Holdings (HKSE:06696) Receivables Turnover : 1.88 (As of Dec. 2024)

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What is Many Idea Cloud 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. Many Idea Cloud Holdings's Revenue for the six months ended in Dec. 2024 was HK$1,016 Mil. Many Idea Cloud Holdings's average Accounts Receivable for the six months ended in Dec. 2024 was HK$540 Mil. Hence, Many Idea Cloud Holdings's Receivables Turnover for the six months ended in Dec. 2024 was 1.88.

Many Idea Cloud Holdings Receivables Turnover Historical Data

The historical data trend for Many Idea Cloud 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.

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Many Idea Cloud Holdings Receivables Turnover Chart

Many Idea Cloud Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.15

2.37

3.14

5.05

4.06

Many Idea Cloud Holdings Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial				1.93	1.76	3.76	2.20	1.88

Competitive Comparison of Many Idea Cloud Holdings's Receivables Turnover

For the Advertising Agencies subindustry, Many Idea Cloud 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.

Many Idea Cloud Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Many Idea Cloud Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Many Idea Cloud Holdings's Receivables Turnover falls into.

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Many Idea Cloud Holdings Receivables Turnover Calculation

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

Many Idea Cloud Holdings'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 )
=	1911.959	/ (	(342.894	+	599.862)	/	2 )
=	1911.959	/	471.378
=	4.06

Many Idea Cloud Holdings'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 )
=	1015.902	/ (	(480.124	+	599.862)	/	2 )
=	1015.902	/	539.993
=	1.88

Many Idea Cloud Holdings (HKSE:06696) 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.

Many Idea Cloud Holdings Receivables Turnover Related Terms

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Many Idea Cloud Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Many Idea Cloud Holdings Ltd (HKSE:06696) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

11 Guanyin Shan Hualien Road, 12th Floor, ERKE Group Mansion, Siming District, Fujian Province, Xiamen, CHN

Website

https://www.manyidea.cloud

Many Idea Cloud Holdings Ltd is a digital smart marketing service provider in China. The integrated marketing solutions services consist of five types of marketing services, namely content marketing; SaaS interactive marketing; digital marketing; public relations event planning, and media advertising.

Executives

Liu Jianhui	2501 Other
Qu Shuo	2501 Other
Many Idea Liujianhui Limited	2101 Beneficial owner
Xia Men Shi Hu Li Qu Meng Xiang Wei Lai Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Zhang Jia Jie Le Jian Duo Xiang Wang Luo Ke Ji Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Wang Wenwen	2101 Beneficial owner
Li Jiefeng	2101 Beneficial owner
Going International Financial Group Limited	2102 Investment manager
Going Investment Fund Spc	2101 Beneficial owner

Many Idea Cloud Holdings Headlines

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