Alta Global Group (Alta Global Group) Receivables Turnover : 0.92 (As of Jun. 2023)

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What is Alta Global 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. Alta Global Group's Revenue for the six months ended in Jun. 2023 was $1.03 Mil. Alta Global Group's average Accounts Receivable for the six months ended in Jun. 2023 was $1.12 Mil. Hence, Alta Global Group's Receivables Turnover for the six months ended in Jun. 2023 was 0.92.

Alta Global Group Receivables Turnover Historical Data

The historical data trend for Alta Global 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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Alta Global Group Receivables Turnover Chart

Alta Global Group Annual Data

Trend

Jun22

Jun23

Receivables Turnover

1.01

0.92

Alta Global Group Semi-Annual Data
	Jun22	Jun23
Receivables Turnover	1.01	0.92

Competitive Comparison of Alta Global Group's Receivables Turnover

For the Leisure subindustry, Alta Global 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.

Alta Global Group's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Alta Global Group's Receivables Turnover distribution charts can be found below:

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

Alta Global Group Receivables Turnover Calculation

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

Alta Global Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	1.032	/ (	(0.653	+	1.588)	/	2 )
=	1.032	/	1.1205
=	0.92

Alta Global Group's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	1.032	/ (	(0.653	+	1.588)	/	2 )
=	1.032	/	1.1205
=	0.92

Alta Global Group (AMEX:MMA) 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.

Alta Global Group Receivables Turnover Related Terms

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Alta Global Group (Alta Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Alta Global Group Ltd (AMEX:MMA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 1, 29-33, Suite 1, The Corso, Manly, Sydney, NSW, AUS, 2095

Website

https://www.trainalta.com

Alta Global Group Ltd is a technology company that is enabling the global martial arts and combat sports industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building upon existing community offerings within the sector. The Alta Platform serves as a comprehensive solution for martial arts and combat sports, offering a blend of four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community.

Alta Global Group (Alta Global Group) Headlines

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