KUKEY (Kuke Music Holding) Receivables Turnover: 0.18 (As of Dec. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Kuke Music Holding Receivables Turnover?

Kuke Music Holding KUKEY Receivables Turnover is 0.18 as of Dec. 2024.

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. Kuke Music Holding's Revenue for the six months ended in Dec. 2024 was $0.86 Mil. Kuke Music Holding's average Accounts Receivable for the six months ended in Dec. 2024 was $4.81 Mil. Hence, Kuke Music Holding's Receivables Turnover for the six months ended in Dec. 2024 was 0.18.


Kuke Music Holding  (OTCPK:KUKEY) 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.


Kuke Music Holding Receivables Turnover Related Terms


Kuke Music Holding Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Kuke Music Holding'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.

Kuke Music Holding Receivables Turnover Chart

Kuke Music Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial 0.93 2.05 1.76 6.61 3.91

Kuke Music Holding Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 3.01 1.64 1.55 0.18

KUKEY vs MVNC, ZNB, AERA: Receivables Turnover Comparison

For the Entertainment subindustry, Kuke Music Holding'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.


Kuke Music Holding Receivables Turnover vs Media - Diversified Industry

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

* The bar in red indicates where Kuke Music Holding's Receivables Turnover falls into.



Kuke Music Holding Receivables Turnover Calculation

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

Kuke Music Holding's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=9.466 / ((3.199 + 1.648) / 2 )
=9.466 / 2.4235
=3.91

Kuke Music Holding's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=0.864 / ((7.974 + 1.648) / 2 )
=0.864 / 4.811
=0.18

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 0.18 mean?
Kuke Music Holding (KUKEY) has a Receivables Turnover of 0.18 as of Dec. 2024. The accounts 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. View historical data on Kuke Music Holding and its competitors.
Is Kuke Music Holding's Receivables Turnover too high?
Kuke Music Holding's current Receivables Turnover is 0.18. The Media - Diversified industry median Receivables Turnover is 5.31. Kuke Music Holding's value of 0.18 is 96.6% below this industry median.
How does Kuke Music Holding's Receivables Turnover compare to MVNC and ZNB?
Kuke Music Holding's Receivables Turnover of 0.18 can be compared against companies in the Media - Diversified industry. The industry median Receivables Turnover is 5.31. Kuke Music Holding's value of 0.18 is 96.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Media - Diversified company?
The median Receivables Turnover among Media - Diversified companies is 5.31, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kuke Music Holding's current Receivables Turnover of 0.18 is 96.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Kuke Music Holding and its competitors. For the Media - Diversified industry, the median Receivables Turnover is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuke Music Holding's current Receivables Turnover is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuke Music Holding stock overvalued right now?
Kuke Music Holding (KUKEY) has a current Receivables Turnover of 0.18. The current Receivables Turnover is 0.18 and 96.6% below the Media - Diversified industry median of 5.31. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Kuke Music Holding (KUKEY), the current Receivables Turnover is 0.18 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kuke Music Holding Business Description

Address 4 San Jian Fang South Block, Building 96, Chaoyang District, Beijing, CHN, 100024
Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.