Ciwen Media Co (SZSE:002343) Receivables Turnover : 0.02 (As of Mar. 2024)

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What is Ciwen Media 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. Ciwen Media Co's Revenue for the three months ended in Mar. 2024 was ¥4.0 Mil. Ciwen Media Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥185.2 Mil. Hence, Ciwen Media Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.02.

Ciwen Media Co Receivables Turnover Historical Data

The historical data trend for Ciwen Media 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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Ciwen Media Co Receivables Turnover Chart

Ciwen Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.40

1.34

1.06

2.31

2.48

Ciwen Media Co 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															1.13	0.87	0.01	0.09	0.02

Competitive Comparison of Ciwen Media Co's Receivables Turnover

For the Entertainment subindustry, Ciwen Media 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.

Ciwen Media Co's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Ciwen Media Co's Receivables Turnover falls into.

Ciwen Media Co Receivables Turnover Calculation

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

Ciwen Media 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 )
=	461.189	/ (	(171.533	+	200.58)	/	2 )
=	461.189	/	186.0565
=	2.48

Ciwen Media Co'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 )
=	4.047	/ (	(200.58	+	169.868)	/	2 )
=	4.047	/	185.224
=	0.02

Ciwen Media Co (SZSE:002343) 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.

Ciwen Media Co Receivables Turnover Related Terms

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Ciwen Media Co (SZSE:002343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ciwen Media Co Ltd (SZSE:002343) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hexin Industrial Park, Dongfang Road, Jiaxing, Zhejiang, CHN

Website

http://www.ciwen.tv

Ciwen Media Co Ltd is a China-based company engaged in the investment, manufacture, and publication of movie and television plays. It is also engaged in the research, development, and promotion of games, artist brokerage business and the provision of information technology. The company distributes its products within domestic market and to overseas markets.

Executives

Chen Mian Hua	Executives
Chen Ming You	Directors, executives
Ma Zhong Jun	Directors, executives
Wei Li Li	Directors, executives
Lu De Min	Executives
Yuan Xiang Yang	Executives
Li Hua	Executives
Zhu Shan Zhong	Director
Pang Jian	Director
Gu Jian Hui	Directors, executives
Chen Yun Biao	Supervisors
Lv Zhi Wei	Supervisors
Yao Xin	Executives
Zhang Yan Hui	Director, Director, Representative of Securities A
Kong Zhong Ping	Executives

Ciwen Media Co (SZSE:002343) Headlines

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