T.V. Today Network (BOM:532515) Receivables Turnover : 0.92 (As of Sep. 2023)

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What is T.V. Today 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. T.V. Today Network's Revenue for the three months ended in Sep. 2023 was ₹2,139 Mil. T.V. Today Network's average Accounts Receivable for the three months ended in Sep. 2023 was ₹2,316 Mil. Hence, T.V. Today Network's Receivables Turnover for the three months ended in Sep. 2023 was 0.92.

T.V. Today Network Receivables Turnover Historical Data

The historical data trend for T.V. Today 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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T.V. Today Network Receivables Turnover Chart

T.V. Today Network Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.02

4.24

3.70

4.75

4.35

T.V. Today Network Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.08	1.18	1.02	1.05	0.92

Competitive Comparison of T.V. Today Network's Receivables Turnover

For the Broadcasting subindustry, T.V. Today 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.

T.V. Today Network's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, T.V. Today Network's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where T.V. Today Network's Receivables Turnover falls into.

T.V. Today Network Receivables Turnover Calculation

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

T.V. Today Network's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	8782.3	/ (	(1919.6	+	2122.3)	/	2 )
=	8782.3	/	2020.95
=	4.35

T.V. Today Network'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 )
=	2138.6	/ (	(0	+	2316.1)	/	1 )
=	2138.6	/	2316.1
=	0.92

T.V. Today Network (BOM:532515) 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.

T.V. Today Network Receivables Turnover Related Terms

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T.V. Today Network (BOM:532515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » T.V. Today Network Ltd (BOM:532515) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TVTODAY:India

Address

India Today Group Mediaplex, FC-8, Sector 16A, Film City, Noida, UP, IND, 201301

Website

https://www.aajtak.in

T.V. Today Network Ltd is engaged in Television programming and broadcasting activities. The company operates in various markets, such as Television, Digital Media, and Radio. The group provides advertisement space on its television news channels Aaj Tak, India Today, Good News Today, and Aaj Tak HD (India and overseas), various websites, mobile apps, social media platforms, and radio 104.8 Ishq FM. The activity of the group is functioned in India and derives key revenue through Advertisement and other related operations.

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