African Media Entertainment (JSE:AME) Receivables Turnover : 2.12 (As of Sep. 2023)

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What is African Media Entertainment 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. African Media Entertainment's Revenue for the six months ended in Sep. 2023 was R143.1 Mil. African Media Entertainment's average Accounts Receivable for the six months ended in Sep. 2023 was R67.6 Mil. Hence, African Media Entertainment's Receivables Turnover for the six months ended in Sep. 2023 was 2.12.

African Media Entertainment Receivables Turnover Historical Data

The historical data trend for African Media Entertainment'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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African Media Entertainment Receivables Turnover Chart

African Media Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.34

5.30

4.37

5.17

4.55

African Media Entertainment 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															2.87	2.92	2.55	2.54	2.12

Competitive Comparison of African Media Entertainment's Receivables Turnover

For the Broadcasting subindustry, African Media Entertainment'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.

African Media Entertainment's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, African Media Entertainment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where African Media Entertainment's Receivables Turnover falls into.

African Media Entertainment Receivables Turnover Calculation

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

African Media Entertainment'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 )
=	268.669	/ (	(54.213	+	63.866)	/	2 )
=	268.669	/	59.0395
=	4.55

African Media Entertainment'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 )
=	143.115	/ (	(63.866	+	71.361)	/	2 )
=	143.115	/	67.6135
=	2.12

African Media Entertainment (JSE:AME) 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.

African Media Entertainment Receivables Turnover Related Terms

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African Media Entertainment (JSE:AME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » African Media Entertainment Ltd (JSE:AME) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, 8th Street, Block A, Oxford Office Park, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

http://www.ame.co.za

African Media Entertainment Ltd is involved in providing broadcasting services in South Africa. The company's operating segment includes Radio broadcasters; Media Services and Corporate. It generates maximum revenue from the Radio broadcasters segment.