Eastern Media International (TPE:2614) Receivables Turnover : 3.60 (As of Dec. 2023)

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What is Eastern Media International 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. Eastern Media International's Revenue for the three months ended in Dec. 2023 was NT$1,525 Mil. Eastern Media International's average Accounts Receivable for the three months ended in Dec. 2023 was NT$424 Mil. Hence, Eastern Media International's Receivables Turnover for the three months ended in Dec. 2023 was 3.60.

Eastern Media International Receivables Turnover Historical Data

The historical data trend for Eastern Media International'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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Eastern Media International Receivables Turnover Chart

Eastern Media International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.62

13.36

13.74

13.28

13.03

Eastern Media International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.61	3.52	4.07	3.91	3.60

Competitive Comparison of Eastern Media International's Receivables Turnover

For the Conglomerates subindustry, Eastern Media International'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.

Eastern Media International's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Eastern Media International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eastern Media International's Receivables Turnover falls into.

Eastern Media International Receivables Turnover Calculation

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

Eastern Media International'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 )
=	5841.598	/ (	(449.284	+	447.176)	/	2 )
=	5841.598	/	448.23
=	13.03

Eastern Media International's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1524.94	/ (	(400.778	+	447.176)	/	2 )
=	1524.94	/	423.977
=	3.60

Eastern Media International (TPE:2614) 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.

Eastern Media International Receivables Turnover Related Terms

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Eastern Media International (TPE:2614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Media International Corp (TPE:2614) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing South Road, 5th Floor, 8th Floor., No. 368, Section 1, Da'an District, Taipei, TWN, 106

Website

https://www.emic.com.tw

Eastern Media International Corp is mainly based on business diversification. In addition to land development, grain trading, and consumer product development and sales, the company has diversified into new businesses such as cross-strait trade platforms and multimedia shopping through its investment in subsidiaries. It engages in forwarding, loading, and unloading cargo onto/from ships, handling and operating wharf and transit shed facilities, selling pet food and supplies, providing pet beauty service, video advertising services, and the production of related shows.

Eastern Media International (TPE:2614) Headlines

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