Sun TV Network (BOM:532733) Receivables Turnover

: 0.57 (As of Mar. 2023)

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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. Sun TV Network's Revenue for the three months ended in Mar. 2023 was ₹8,404 Mil. Sun TV Network's average Accounts Receivable for the three months ended in Mar. 2023 was ₹14,743 Mil. Hence, Sun TV Network's Receivables Turnover for the three months ended in Mar. 2023 was 0.57.

Sun TV Network Receivables Turnover Historical Data

The historical data trend for Sun TV 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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Sun TV Network Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

3.44

2.81

2.27

2.50

2.59

Sun TV Network Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Receivables Turnover																0.60	0.85	0.55	0.59	0.57

Competitive Comparison

For the Broadcasting subindustry, Sun TV 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.

Annual Data Quarterly Data

Sun TV Network Receivables Turnover Distribution

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

* The bar in red indicates where Sun TV Network's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

Sun TV Network Receivables Turnover Calculation

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

Sun TV 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 )
=	37720.5	/ (	(14346.2	+	14743)	/	2 )
=	37720.5	/	14544.6
=	2.59

Sun TV Network's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	8403.6	/ (	(0	+	14743)	/	1 )
=	8403.6	/	14743
=	0.57

Sun TV Network (BOM:532733) 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.

Sun TV Network Receivables Turnover Related Terms

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Sun TV Network (BOM:532733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sun TV Network Ltd (BOM:532733) » Definitions » Receivables Turnover

Traded in Other Exchanges

SUNTV:India

Address

73, MRC Nagar Main Road, Murasoli Maran Towers, MRC Nagar, Chennai, TN, IND, 600028

Website

https://www.suntv.in

Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment being Broadcasting. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with few operations outside India.

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