LBG Media (FRA:S83) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is LBG Media 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. LBG Media's Revenue for the six months ended in Dec. 2023 was €46.74 Mil. LBG Media's average Accounts Receivable for the six months ended in Dec. 2023 was €20.42 Mil. Hence, LBG Media's Receivables Turnover for the six months ended in Dec. 2023 was 2.29.

LBG Media Receivables Turnover Historical Data

The historical data trend for LBG Media'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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LBG Media Receivables Turnover Chart

LBG Media Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.17

4.93

7.30

7.98

5.73

LBG Media Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					3.25	2.22	3.31	1.99	2.29

Competitive Comparison of LBG Media's Receivables Turnover

For the Publishing subindustry, LBG Media'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.

LBG Media's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

LBG Media Receivables Turnover Calculation

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

LBG Media's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	78.363	/ (	(9.247	+	18.115)	/	2 )
=	78.363	/	13.681
=	5.73

LBG Media'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 )
=	46.736	/ (	(22.725	+	18.115)	/	2 )
=	46.736	/	20.42
=	2.29

LBG Media (FRA:S83) 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.

LBG Media Receivables Turnover Related Terms

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LBG Media (FRA:S83) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » LBG Media PLC (FRA:S83) » Definitions » Receivables Turnover

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LBG:UK

Address

20 Dale Street, Manchester, GBR, M1 1EZ

Website

https://www.lbgmedia.co.uk

LBG Media PLC is a UK-based digital media and youth content publisher, utilizing both in-house content and content from third parties to generate interactions with its audience of over one billion per annum. The company produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience.

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