Troika Media Group (Troika Media Group) Receivables Turnover : 3.77 (As of Sep. 2023)

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What is Troika Media Group 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. Troika Media Group's Revenue for the three months ended in Sep. 2023 was $54.24 Mil. Troika Media Group's average Accounts Receivable for the three months ended in Sep. 2023 was $14.39 Mil. Hence, Troika Media Group's Receivables Turnover for the three months ended in Sep. 2023 was 3.77.

Troika Media Group Receivables Turnover Historical Data

The historical data trend for Troika Media Group'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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Troika Media Group Receivables Turnover Chart

Troika Media Group Annual Data

Trend

Jun19

Jun20

Jun21

Receivables Turnover

11.07

10.88

14.94

Troika Media Group Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial												5.13	3.11	3.73	2.91	3.77

Competitive Comparison of Troika Media Group's Receivables Turnover

For the Advertising Agencies subindustry, Troika Media Group'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.

Troika Media Group's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Troika Media Group's Receivables Turnover falls into.

Troika Media Group Receivables Turnover Calculation

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

Troika Media Group's Receivables Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Receivables Turnover (A: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2021 )	/ (	(Accounts Receivable (A: Jun. 2020 )	+	Accounts Receivable (A: Jun. 2021 ))	/	count )
=	16.192	/ (	(0.841	+	1.327)	/	2 )
=	16.192	/	1.084
=	14.94

Troika Media Group's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	54.239	/ (	(15.197	+	13.581)	/	2 )
=	54.239	/	14.389
=	3.77

Troika Media Group (OTCPK:TRKWQ) 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.

Troika Media Group Receivables Turnover Related Terms

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Troika Media Group (Troika Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Troika Media Group Inc (OTCPK:TRKWQ) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TRKAQ:USA

Address

25 West 39th Street, 6th Floor, New York, NY, USA, 10018

Website

https://www.thetmgrp.com

Troika Media Group Inc is a global marketing service company. It is leveraging data and technology to deliver integrated branding, marketing, media, and analytics solutions to clients. It offers solutions to clients seeking a holistic approach to meeting brand strategy, experiential marketing and communications needs.