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Kuang Hong Arts Management (ROCO:6596) Receivables Turnover : 6.63 (As of Mar. 2025)


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What is Kuang Hong Arts Management 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. Kuang Hong Arts Management's Revenue for the three months ended in Mar. 2025 was NT$463 Mil. Kuang Hong Arts Management's average Accounts Receivable for the three months ended in Mar. 2025 was NT$70 Mil. Hence, Kuang Hong Arts Management's Receivables Turnover for the three months ended in Mar. 2025 was 6.63.


Kuang Hong Arts Management Receivables Turnover Historical Data

The historical data trend for Kuang Hong Arts Management'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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Kuang Hong Arts Management Receivables Turnover Chart

Kuang Hong Arts Management Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.40 9.99 41.56 35.49 25.76

Kuang Hong Arts Management Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.78 7.38 7.05 4.23 6.63

Competitive Comparison of Kuang Hong Arts Management's Receivables Turnover

For the Entertainment subindustry, Kuang Hong Arts Management'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.


Kuang Hong Arts Management's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuang Hong Arts Management's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kuang Hong Arts Management's Receivables Turnover falls into.


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Kuang Hong Arts Management Receivables Turnover Calculation

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

Kuang Hong Arts Management's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=1729.668 / ((33.373 + 100.925) / 2 )
=1729.668 / 67.149
=25.76

Kuang Hong Arts Management's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=463.283 / ((100.925 + 38.791) / 2 )
=463.283 / 69.858
=6.63

* 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.


Kuang Hong Arts Management  (ROCO:6596) 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.


Kuang Hong Arts Management Receivables Turnover Related Terms

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Kuang Hong Arts Management Business Description

Traded in Other Exchanges
N/A
Address
No. 267, Lequn 2nd Road, 6th Floor, Zhongshan District, Taipei, TWN, 10485
Kuang Hong Arts Management Inc is a media company involved in promoting cultural events which include music, dance, exhibitions, Drama, Lectures, and other events.

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