Silly Monks Entertainment (NSE:SILLYMONKS) Receivables Turnover : 6.39 (As of Mar. 2024)

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What is Silly Monks 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. Silly Monks Entertainment's Revenue for the three months ended in Mar. 2024 was ₹53.7 Mil. Silly Monks Entertainment's average Accounts Receivable for the three months ended in Mar. 2024 was ₹8.4 Mil. Hence, Silly Monks Entertainment's Receivables Turnover for the three months ended in Mar. 2024 was 6.39.

Silly Monks Entertainment Receivables Turnover Historical Data

The historical data trend for Silly Monks 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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Silly Monks Entertainment Receivables Turnover Chart

Silly Monks Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.69

5.50

6.37

6.33

28.42

Silly Monks Entertainment Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.45	8.16	9.52	11.52	6.39

Competitive Comparison of Silly Monks Entertainment's Receivables Turnover

For the Entertainment subindustry, Silly Monks 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.

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

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

* The bar in red indicates where Silly Monks Entertainment's Receivables Turnover falls into.

Silly Monks Entertainment Receivables Turnover Calculation

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

Silly Monks Entertainment's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	221.929	/ (	(7.217	+	8.401)	/	2 )
=	221.929	/	7.809
=	28.42

Silly Monks Entertainment's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	53.677	/ (	(0	+	8.401)	/	1 )
=	53.677	/	8.401
=	6.39

Silly Monks Entertainment (NSE:SILLYMONKS) 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.

Silly Monks Entertainment Receivables Turnover Related Terms

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Silly Monks Entertainment (NSE:SILLYMONKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Silly Monks Entertainment Ltd (NSE:SILLYMONKS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Survey No. 91, 3rd Floor, Technical Block, Sundarayya Vignana Kendram (SVK), Gachibowli, Rangareddi, Hyderabad, TG, IND, 500032

Website

https://www.sillymonks.com

Silly Monks Entertainment Ltd is engaged in the business of motion picture, radio, television, and other entertainment activities. The products and services of the firm are Digital Media Publishing, Movie/Series/Content Production, Audio-Video Content Syndication and Distribution, Celebrity Management, and Marketing and Promotion. The operating segment of the group is identified to be Movie production.

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