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Guangxi Radio and Television Information Network (SHSE:600936) Receivables Turnover : 0.39 (As of Mar. 2024)


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What is Guangxi Radio and Television Information Network 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. Guangxi Radio and Television Information Network's Revenue for the three months ended in Mar. 2024 was ¥278 Mil. Guangxi Radio and Television Information Network's average Accounts Receivable for the three months ended in Mar. 2024 was ¥711 Mil. Hence, Guangxi Radio and Television Information Network's Receivables Turnover for the three months ended in Mar. 2024 was 0.39.


Guangxi Radio and Television Information Network Receivables Turnover Historical Data

The historical data trend for Guangxi Radio and Television Information Network'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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Guangxi Radio and Television Information Network Receivables Turnover Chart

Guangxi Radio and Television Information Network Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.73 3.88 3.09 2.48 1.90

Guangxi Radio and Television Information Network Quarterly Data
Jun19 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 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 0.55 0.42 0.38 0.44 0.39

Competitive Comparison of Guangxi Radio and Television Information Network's Receivables Turnover

For the Entertainment subindustry, Guangxi Radio and Television Information Network'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.


Guangxi Radio and Television Information Network's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Guangxi Radio and Television Information Network's Receivables Turnover falls into.



Guangxi Radio and Television Information Network Receivables Turnover Calculation

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

Guangxi Radio and Television Information Network'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 )
=1403.92 / ((766.06 + 711.212) / 2 )
=1403.92 / 738.636
=1.90

Guangxi Radio and Television Information Network'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 )
=278.347 / ((711.212 + 710.91) / 2 )
=278.347 / 711.061
=0.39

* 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.


Guangxi Radio and Television Information Network  (SHSE:600936) 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.


Guangxi Radio and Television Information Network Receivables Turnover Related Terms

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Guangxi Radio and Television Information Network (SHSE:600936) Business Description

Traded in Other Exchanges
N/A
Address
No.8 Jinghui Lane, Yunjing Road, Hao Guangxi Broadcasting Network Complex, Nanning, CHN, 530007
Guangxi Radio and Television Information Network Corp Ltd is a China-based company principally engaged in the construction and operation of radio and television network, radio and television program transmission, data network business, as well as the development and operation of Digital Television (TV) value-added services. The firm's main business includes basic TV business, the installation of cable TV business, digital TV value-added services, program transmission, data network business, as well as the wholesale of broadcast television equipment.

Guangxi Radio and Television Information Network (SHSE:600936) Headlines

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