WRIT Media Group (WRIT Media Group) Receivables Turnover : 1.41 (As of Dec. 2017)

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What is WRIT 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. WRIT Media Group's Revenue for the three months ended in Dec. 2017 was $1.37 Mil. WRIT Media Group's average Accounts Receivable for the three months ended in Dec. 2017 was $0.97 Mil. Hence, WRIT Media Group's Receivables Turnover for the three months ended in Dec. 2017 was 1.41.

WRIT Media Group Receivables Turnover Historical Data

The historical data trend for WRIT 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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WRIT Media Group Receivables Turnover Chart

WRIT Media Group Annual Data

Trend

Mar08

Mar09

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Mar17

Receivables Turnover

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11.00

WRIT Media Group Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17
Receivables Turnover	Get a 7-Day Free Trial															-	-	-	-	1.41

Competitive Comparison of WRIT Media Group's Receivables Turnover

For the Entertainment subindustry, WRIT 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.

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

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

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

WRIT Media Group Receivables Turnover Calculation

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

WRIT Media Group's Receivables Turnover for the fiscal year that ended in Mar. 2017 is calculated as

	Receivables Turnover (A: Mar. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2017 )	/ (	(Accounts Receivable (A: Mar. 2016 )	+	Accounts Receivable (A: Mar. 2017 ))	/	count )
=	0.011	/ (	(0	+	0)	/	1 )
=	0.011	/	0
=	N/A

WRIT Media Group's Receivables Turnover for the quarter that ended in Dec. 2017 is calculated as

	Receivables Turnover (Q: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2017 )	/ (	(Accounts Receivable (Q: Sep. 2017 )	+	Accounts Receivable (Q: Dec. 2017 ))	/	count )
=	1.369	/ (	(0	+	0.969)	/	1 )
=	1.369	/	0.969
=	1.41

WRIT Media Group (OTCPK:WRIT) 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.

WRIT Media Group Receivables Turnover Related Terms

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WRIT Media Group (WRIT Media Group) Business Description

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

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Address

1980 Festival Plaza Drive, Suite 300, Las Vegas, NV, USA, 89135

Website

https://www.writmediagroup.com

WRIT Media Group Inc is a part of the media industry. It is mainly engaged in producing films, television programs, and similar entertainment programs for various media formats. It is a content creation company, which produces, acquires, licenses, and distributes music-related content in three-dimensional (3-D), and ultra-high definition (4K) for initial worldwide digital broadcast into digitally-enabled movie theatres. It also licenses classic pre-Windows computer game libraries and adapts, and republishes titles for smartphones, game consoles, personal computers, tablets, and other television streaming devices.

WRIT Media Group (WRIT Media Group) Headlines

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