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Salem Media Group (FRA:YSLA) Receivables Turnover : 2.17 (As of Sep. 2023)


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What is Salem Media Group 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. Salem Media Group's Revenue for the three months ended in Sep. 2023 was €59.5 Mil. Salem Media Group's average Accounts Receivable for the three months ended in Sep. 2023 was €27.5 Mil. Hence, Salem Media Group's Receivables Turnover for the three months ended in Sep. 2023 was 2.17.


Salem Media Group Receivables Turnover Historical Data

The historical data trend for Salem Media Group'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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Salem Media Group Receivables Turnover Chart

Salem Media Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.17 8.05 8.12 10.67 9.74

Salem Media Group 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 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 Premium Member Only 2.31 2.17 2.13 2.26 2.17

Competitive Comparison of Salem Media Group's Receivables Turnover

For the Broadcasting subindustry, Salem Media Group'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.


Salem Media Group's Receivables Turnover Distribution in the Media - Diversified Industry

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

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



Salem Media Group Receivables Turnover Calculation

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

Salem Media Group's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=252.016 / ((22.712 + 29.034) / 2 )
=252.016 / 25.873
=9.74

Salem Media Group'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 )
=59.497 / ((27.252 + 27.696) / 2 )
=59.497 / 27.474
=2.17

* 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.


Salem Media Group  (FRA:YSLA) 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.


Salem Media Group Receivables Turnover Related Terms

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Salem Media Group (FRA:YSLA) Business Description

Traded in Other Exchanges
Address
6400 North Belt Line Road, Irving, TX, USA, 75063
Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media-based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web.

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