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Love Group Global (ASX:LVE) Receivables Turnover : 138.78 (As of Dec. 2023)


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What is Love Group Global 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. Love Group Global's Revenue for the six months ended in Dec. 2023 was A$2.50 Mil. Love Group Global's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.02 Mil. Hence, Love Group Global's Receivables Turnover for the six months ended in Dec. 2023 was 138.78.


Love Group Global Receivables Turnover Historical Data

The historical data trend for Love Group Global'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.

* Premium members only.

Love Group Global Receivables Turnover Chart

Love Group Global Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 97.97 85.96 316.24 1,445.20 725.27

Love Group Global Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 382.00 309.64 480.50 318.00 138.78

Competitive Comparison of Love Group Global's Receivables Turnover

For the Internet Content & Information subindustry, Love Group Global'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.


Love Group Global's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Love Group Global's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Love Group Global's Receivables Turnover falls into.



Love Group Global Receivables Turnover Calculation

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

Love Group Global's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=3.989 / ((0.003 + 0.008) / 2 )
=3.989 / 0.0055
=725.27

Love Group Global'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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=2.498 / ((0.008 + 0.028) / 2 )
=2.498 / 0.018
=138.78

* 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.


Love Group Global  (ASX:LVE) 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.


Love Group Global Receivables Turnover Related Terms

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Love Group Global (ASX:LVE) Business Description

Traded in Other Exchanges
N/A
Address
99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000
Love Group Global Ltd is a dating platform. The company provides online dating services and matchmaking services. The company's online dating platform includes - Lovestruck, Date Tix, and Noonswoon applications. The operating business segments are Dating services and Corporate. The company generates maximum revenue from the Dating Services segment which offers online, events, and matchmaking services in Hong Kong, London, Singapore, and Thailand.

Love Group Global (ASX:LVE) Headlines

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