MultiChoice Group (MultiChoice Group) Receivables Turnover : 6.42 (As of Sep. 2023)

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What is MultiChoice 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. MultiChoice Group's Revenue for the six months ended in Sep. 2023 was $1,494 Mil. MultiChoice Group's average Accounts Receivable for the six months ended in Sep. 2023 was $233 Mil. Hence, MultiChoice Group's Receivables Turnover for the six months ended in Sep. 2023 was 6.42.

MultiChoice Group Receivables Turnover Historical Data

The historical data trend for MultiChoice 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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MultiChoice Group Receivables Turnover Chart

MultiChoice Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.45

25.71

37.35

35.73

29.42

MultiChoice Group Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							9.22	9.48	6.94	6.92	6.42

Competitive Comparison of MultiChoice Group's Receivables Turnover

For the Entertainment subindustry, MultiChoice 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.

MultiChoice Group's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

MultiChoice Group Receivables Turnover Calculation

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

MultiChoice Group'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 )
=	3238.917	/ (	(103.678	+	116.542)	/	2 )
=	3238.917	/	110.11
=	29.42

MultiChoice Group'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 )
=	1493.96	/ (	(116.542	+	348.577)	/	2 )
=	1493.96	/	232.5595
=	6.42

MultiChoice Group (OTCPK:MCHOY) 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.

MultiChoice Group Receivables Turnover Related Terms

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MultiChoice Group (MultiChoice Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiChoice Group Ltd (OTCPK:MCHOY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MCG:South Africa MCOIF:USA 30R:Germany

Address

144 Bram Fischer Drive, MultiChoice City, Randburg, Johannesburg, GT, ZAF, 2194

Website

https://www.multichoice.com

MultiChoice Group Ltd is an entertainment company providing video entertainment to the African Markets. It provides its content through Direct To Home (DTH), Digital Terrestrial Television (DTT) and online video entertainment services. The entertainment platforms of the company include GOtv, Showmax, DStv, and others. Its geographical segment includes South Africa; the Rest of Africa as well as the Technology segment. The company derives a majority of its revenue from South Africa.