China Television Media (SHSE:600088) Receivables Turnover : 2.81 (As of Jun. 2024)

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What is China Television Media 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. China Television Media's Revenue for the three months ended in Jun. 2024 was ¥148 Mil. China Television Media's average Accounts Receivable for the three months ended in Jun. 2024 was ¥53 Mil. Hence, China Television Media's Receivables Turnover for the three months ended in Jun. 2024 was 2.81.

China Television Media Receivables Turnover Historical Data

The historical data trend for China Television Media'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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China Television Media Receivables Turnover Chart

China Television Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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55.96

36.68

33.01

11.73

9.28

China Television Media Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.20	9.46	11.87	1.16	2.81

Competitive Comparison of China Television Media's Receivables Turnover

For the Entertainment subindustry, China Television Media'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.

China Television Media's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where China Television Media's Receivables Turnover falls into.

China Television Media Receivables Turnover Calculation

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

China Television Media'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 )
=	1114.904	/ (	(144.529	+	95.726)	/	2 )
=	1114.904	/	120.1275
=	9.28

China Television Media'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: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	148.161	/ (	(90.957	+	14.427)	/	2 )
=	148.161	/	52.692
=	2.81

China Television Media (SHSE:600088) 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.

China Television Media Receivables Turnover Related Terms

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China Television Media Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Television Media Ltd (SHSE:600088) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 450 Fushan Road, 17F, Pudong, Shanghai, Shanghai, CHN, 200122

Website

http://www.ctv-media.com.cn

China Television Media Ltd is a China-based company engaged in the movies and televisions (TVs) businesses. The movies and TV-related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. The company is also engaged in the provision of related technology services through its subsidiaries.

Executives

Chou Jie Ming	Director
Xu Yi Ming	senior management
Pang Jian	Director

China Television Media Headlines

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