MMVVF (MultiMetaVerse Holdings) Receivables Turnover: 8.86 (As of Dec. 2023)

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What is MultiMetaVerse Holdings Receivables Turnover?

MultiMetaVerse Holdings MMVVF +1,300.00% Receivables Turnover is 8.86 as of Dec. 2023.

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. MultiMetaVerse Holdings's Revenue for the six months ended in Dec. 2023 was $3.50 Mil. MultiMetaVerse Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $0.39 Mil. Hence, MultiMetaVerse Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 8.86.


MultiMetaVerse Holdings  (OTCPK:MMVVF) 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.


MultiMetaVerse Holdings Receivables Turnover Related Terms


MultiMetaVerse Holdings Receivables Turnover Historical Data

* Premium members only.

The historical data trend for MultiMetaVerse 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.

MultiMetaVerse Holdings Receivables Turnover Chart

MultiMetaVerse Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
21.13 17.74 15.53 15.46

MultiMetaVerse Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial 0.00 2.58 2.21 9.20 8.86

MMVVF vs VRHI, LDSN, BLMZ: Receivables Turnover Comparison

For the Entertainment subindustry, MultiMetaVerse 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.


MultiMetaVerse Holdings Receivables Turnover vs Media - Diversified Industry

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

* The bar in red indicates where MultiMetaVerse Holdings's Receivables Turnover falls into.



MultiMetaVerse Holdings Receivables Turnover Calculation

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

MultiMetaVerse Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=9.008 / ((0.787 + 0.378) / 2 )
=9.008 / 0.5825
=15.46

MultiMetaVerse Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=3.497 / ((0.411 + 0.378) / 2 )
=3.497 / 0.3945
=8.86

* 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 8.86 mean?
MultiMetaVerse Holdings (MMVVF) has a Receivables Turnover of 8.86 as of Dec. 2023. 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 MultiMetaVerse Holdings and its competitors.
Is MultiMetaVerse Holdings' Receivables Turnover too high?
MultiMetaVerse Holdings' current Receivables Turnover is 8.86. The Media - Diversified industry median Receivables Turnover is 5.39. MultiMetaVerse Holdings' value of 8.86 is 64.4% above this industry median.
How does MultiMetaVerse Holdings' Receivables Turnover compare to VRHI and LDSN?
MultiMetaVerse Holdings' Receivables Turnover of 8.86 can be compared against companies in the Media - Diversified industry. The industry median Receivables Turnover is 5.39. MultiMetaVerse Holdings' value of 8.86 is 64.4% above 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 5.39, based on 1,005 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. MultiMetaVerse Holdings's current Receivables Turnover of 8.86 is 64.4% above 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 MultiMetaVerse Holdings and its competitors. For the Media - Diversified industry, the median Receivables Turnover is 5.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MultiMetaVerse Holdings's current Receivables Turnover is 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MultiMetaVerse Holdings stock overvalued right now?
MultiMetaVerse Holdings (MMVVF) has a current Receivables Turnover of 8.86. The current Receivables Turnover is 8.86 and 64.4% above the Media - Diversified industry median of 5.39. 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 MultiMetaVerse Holdings (MMVVF), the current Receivables Turnover is 8.86 as of Dec. 2023. 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.

MultiMetaVerse Holdings Business Description

Address 785 Hutai Road, Room 7033, 7th Floor, Tower B, Jingan District, Shanghai, CHN, 200065
MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.