GHY Culture & Media Holding Co (SGX:XJB) Receivables Turnover : 1.33 (As of Jun. 2024)

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What is GHY Culture & Media Holding Co 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. GHY Culture & Media Holding Co's Revenue for the six months ended in Jun. 2024 was S$26.98 Mil. GHY Culture & Media Holding Co's average Accounts Receivable for the six months ended in Jun. 2024 was S$20.21 Mil. Hence, GHY Culture & Media Holding Co's Receivables Turnover for the six months ended in Jun. 2024 was 1.33.

GHY Culture & Media Holding Co Receivables Turnover Historical Data

The historical data trend for GHY Culture & Media Holding Co'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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GHY Culture & Media Holding Co Receivables Turnover Chart

GHY Culture & Media Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.98

3.55

2.21

1.09

2.12

GHY Culture & Media Holding Co Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial						0.42	0.59	0.96	1.24	1.33

Competitive Comparison of GHY Culture & Media Holding Co's Receivables Turnover

For the Entertainment subindustry, GHY Culture & Media Holding Co'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.

GHY Culture & Media Holding Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GHY Culture & Media Holding Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GHY Culture & Media Holding Co's Receivables Turnover falls into.

GHY Culture & Media Holding Co Receivables Turnover Calculation

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

GHY Culture & Media Holding Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	73.653	/ (	(35.727	+	33.754)	/	2 )
=	73.653	/	34.7405
=	2.12

GHY Culture & Media Holding Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	26.98	/ (	(33.754	+	6.671)	/	2 )
=	26.98	/	20.2125
=	1.33

GHY Culture & Media Holding Co (SGX:XJB) 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.

GHY Culture & Media Holding Co Receivables Turnover Related Terms

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GHY Culture & Media Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » GHY Culture & Media Holding Co Ltd (SGX:XJB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 07-08, 988 Toa Payoh North, Singapore, SGP, 319002

Website

https://www.ghyculturemedia.com

GHY Culture & Media Holding Co Ltd is involved in the entertainment business. It focuses on the production and promotion of dramas, films, and concerts in the Asia Pacific region. The business activities of the group function through four segments namely Television Program and Film Production, Concert Production, Talent Management Services and Costumes, Props, and Make-up Services. The company derives the majority of its revenue from the Television Program Film Production, and concert production segment. Geographically, the business presence of the firm is seen in the regions of Singapore, Australia, China, and Malaysia, with the majority of the revenue from China followed by Singapore.

GHY Culture & Media Holding Co Headlines

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