Sungold Media and Entertainment (BOM:541799) Receivables Turnover : 0.73 (As of Mar. 2024)

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What is Sungold Media and Entertainment 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. Sungold Media and Entertainment's Revenue for the six months ended in Mar. 2024 was ₹4.42 Mil. Sungold Media and Entertainment's average Accounts Receivable for the six months ended in Mar. 2024 was ₹6.03 Mil. Hence, Sungold Media and Entertainment's Receivables Turnover for the six months ended in Mar. 2024 was 0.73.

Sungold Media and Entertainment Receivables Turnover Historical Data

The historical data trend for Sungold Media and Entertainment'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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Sungold Media and Entertainment Receivables Turnover Chart

Sungold Media and Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.57

0.71

0.67

0.93

1.30

Sungold Media and Entertainment Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													0.33	0.41	0.51	0.56	0.73

Competitive Comparison of Sungold Media and Entertainment's Receivables Turnover

For the Advertising Agencies subindustry, Sungold Media and Entertainment'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.

Sungold Media and Entertainment's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Sungold Media and Entertainment's Receivables Turnover falls into.

Sungold Media and Entertainment Receivables Turnover Calculation

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

Sungold Media and Entertainment's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	8.371	/ (	(7.5	+	5.399)	/	2 )
=	8.371	/	6.4495
=	1.30

Sungold Media and Entertainment's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4.417	/ (	(6.652	+	5.399)	/	2 )
=	4.417	/	6.0255
=	0.73

Sungold Media and Entertainment (BOM:541799) 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.

Sungold Media and Entertainment Receivables Turnover Related Terms

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Sungold Media and Entertainment (BOM:541799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sungold Media and Entertainment Ltd (BOM:541799) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

13, Radhakrushna Mandir Compound, Village- Rajpipla, Nandod, Narmada, GJ, IND, 393145

Website

https://www.sungoldmediaent.com

Sungold Media and Entertainment Ltd is an Indian company operating in the media and entertainment industry. It provides graphic design, website design, Video Editing, Digital Marketing, Photography, Videography, Mobile App Development, Celebrity Management, and distribution services. It engages in multilevel marketing, network marketing, digital marketing of products/services/consultancy, and other forms of marketing and electronic services or devices including applications relating to media and entertainment.

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