Global Digital Creations Holdings (HKSE:08271) Receivables Turnover : 1.88 (As of Dec. 2023)

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What is Global Digital Creations 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. Global Digital Creations Holdings's Revenue for the three months ended in Dec. 2023 was HK$20.86 Mil. Global Digital Creations Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was HK$11.12 Mil. Hence, Global Digital Creations Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.88.

Global Digital Creations Holdings Receivables Turnover Historical Data

The historical data trend for Global Digital Creations 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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Global Digital Creations Holdings Receivables Turnover Chart

Global Digital Creations Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.79

8.76

8.57

6.95

6.28

Global Digital Creations Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.69	1.29	1.73	2.33	1.88

Competitive Comparison of Global Digital Creations Holdings's Receivables Turnover

For the Entertainment subindustry, Global Digital Creations 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.

Global Digital Creations Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Global Digital Creations Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Global Digital Creations Holdings's Receivables Turnover falls into.

Global Digital Creations Holdings Receivables Turnover Calculation

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

Global Digital Creations 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 )
=	70.189	/ (	(11.224	+	11.12)	/	2 )
=	70.189	/	11.172
=	6.28

Global Digital Creations 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	20.862	/ (	(0	+	11.12)	/	1 )
=	20.862	/	11.12
=	1.88

Global Digital Creations Holdings (HKSE:08271) 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.

Global Digital Creations Holdings Receivables Turnover Related Terms

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Global Digital Creations Holdings (HKSE:08271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Global Digital Creations Holdings Ltd (HKSE:08271) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, Unit 1606, 16th Floor, K. Wah Centre, North Point, Hong Kong, HKG

Website

http://www.gdc-world.com

Global Digital Creations Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in computer graphic (CG) creation and production. It operates in two segments Interactive Entertainment and Digital Assets segment including Interactive Entertainment and Digital Assets, an exhibition of television series and movies as well as the production of animated films. It is New Cultural and Sports Space segment that includes integrating culture and technology development business the original business of property leasing and building management services and new businesses. It operates in China, South Korea, Hong Kong, and other countries, of which the majority of the revenue comes from China.

Executives

Shougang Group Co., Ltd.	2201 Interest of corporation controlled by you
Chen Zheng	2101 Beneficial owner
Shougang Holding (hong Kong) Limited	2201 Interest of corporation controlled by you
Upper Nice Assets Ltd.	2101 Beneficial owner

Global Digital Creations Holdings (HKSE:08271) Headlines

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