Network Media Group (TSXV:NTE) Receivables Turnover : 2.59 (As of Feb. 2024)

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What is Network 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. Network Media Group's Revenue for the three months ended in Feb. 2024 was C$2.13 Mil. Network Media Group's average Accounts Receivable for the three months ended in Feb. 2024 was C$0.82 Mil. Hence, Network Media Group's Receivables Turnover for the three months ended in Feb. 2024 was 2.59.

Network Media Group Receivables Turnover Historical Data

The historical data trend for Network 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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Network Media Group Receivables Turnover Chart

Network Media Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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15.81

13.05

8.80

20.07

6.02

Network Media Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.87	1.60	2.68	1.07	2.59

Competitive Comparison of Network Media Group's Receivables Turnover

For the Entertainment subindustry, Network 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.

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

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

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

Network Media Group Receivables Turnover Calculation

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

Network Media Group's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	7.127	/ (	(1.048	+	1.321)	/	2 )
=	7.127	/	1.1845
=	6.02

Network Media Group's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	2.129	/ (	(1.321	+	0.323)	/	2 )
=	2.129	/	0.822
=	2.59

Network Media Group (TSXV:NTE) 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.

Network Media Group Receivables Turnover Related Terms

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Network Media Group (TSXV:NTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Network Media Group Inc (TSXV:NTE) » Definitions » Receivables Turnover

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NETWF:USA

Address

1525 West 8 Avenue, Suite 207, Vancouver, BC, CAN, V6C 1T5

Website

https://www.networkentertainment.ca

Network Media Group Inc is a television, film, and NFT production company. Through its subsidiaries, the company is engaged in the development and production of entertainment content. The company develops and produces film, and television and NFT properties in addition to providing production services to third parties. The principal business of the company is the development, financing, production, marketing and distribution of documentaries and docu-series. Network NFT Studios collaborates with IP owners, artists and top talent to create engagement campaigns using non-fungible tokens.

Executives

Curtis White

Senior Officer

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