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VS Media Holdings (VS Media Holdings) Receivables Turnover : 2.37 (As of Dec. 2023)


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What is VS Media Holdings 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. VS Media Holdings's Revenue for the six months ended in Dec. 2023 was $4.46 Mil. VS Media Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was $1.88 Mil. Hence, VS Media Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 2.37.

VS Media Holdings Receivables Turnover Historical Data

The historical data trend for VS Media Holdings'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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VS Media Holdings Receivables Turnover Chart

VS Media Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
3.90 4.46 4.02 3.95

VS Media Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Receivables Turnover Get a 7-Day Free Trial 2.29 1.89 2.40 1.98 2.37

Competitive Comparison of VS Media Holdings's Receivables Turnover

For the Advertising Agencies subindustry, VS Media Holdings'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.

VS Media Holdings's Receivables Turnover Distribution in the Media - Diversified Industry

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

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


VS Media Holdings Receivables Turnover Calculation

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

VS Media Holdings'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 )
=7.991 / ((1.918 + 2.131) / 2 )
=7.991 / 2.0245
=3.95

VS Media Holdings'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 )
=4.464 / ((1.636 + 2.131) / 2 )
=4.464 / 1.8835
=2.37

* 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.

VS Media Holdings  (NAS:VSME) 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.

VS Media Holdings Receivables Turnover Related Terms

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VS Media Holdings (VS Media Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » VS Media Holdings Ltd (NAS:VSME) » Definitions » Receivables Turnover
Comparable Companies
ICLK TRKA SWAG CNFN INUV DLPN LDWY CNET ANTE MGOL XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
75 Hung To Road, 6th Floor, KOHO, Kwun Tong, Hong Kong, HKG
Website
https://www.vs-media.com
VS Media Holdings Ltd manages a global network of digital Creators who create and publish content to social media platforms such as YouTube, Facebook, Instagram, and TikTok. Its Creators include influencers, KOLs-Key Opinion Leaders, bloggers, and other content creators who cultivate fanbases on social media platforms. The company's business provides value to two major business stakeholders: Creators and Brands. Its Value to Creators: It empowers and supports Creators by providing them with production facilities, training, and funding to produce quality content. Its Value to Brands: the company bridges the divide between Brands and Creators by helping Brands reach their target audience effectively by advising on content strategy and budget and recommending specific Creators.