splendid medien AG (XTER:SPM) Receivables Turnover : 2.47 (As of Dec. 2023)

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What is splendid medien AG 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. splendid medien AG's Revenue for the six months ended in Dec. 2023 was €20.37 Mil. splendid medien AG's average Accounts Receivable for the six months ended in Dec. 2023 was €8.24 Mil. Hence, splendid medien AG's Receivables Turnover for the six months ended in Dec. 2023 was 2.47.

splendid medien AG Receivables Turnover Historical Data

The historical data trend for splendid medien AG'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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splendid medien AG Receivables Turnover Chart

splendid medien AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.30

3.81

4.82

4.41

4.13

splendid medien AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.74	2.35	2.30	1.85	2.47

Competitive Comparison of splendid medien AG's Receivables Turnover

For the Entertainment subindustry, splendid medien AG'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.

splendid medien AG's Receivables Turnover Distribution in the Media - Diversified Industry

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

* The bar in red indicates where splendid medien AG's Receivables Turnover falls into.

splendid medien AG Receivables Turnover Calculation

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

splendid medien AG'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 )
=	38.638	/ (	(10.957	+	7.737)	/	2 )
=	38.638	/	9.347
=	4.13

splendid medien AG'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 )
=	20.373	/ (	(8.745	+	7.737)	/	2 )
=	20.373	/	8.241
=	2.47

splendid medien AG (XTER:SPM) 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.

splendid medien AG Receivables Turnover Related Terms

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splendid medien AG (XTER:SPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » splendid medien AG (XTER:SPM) » Definitions » Receivables Turnover

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SPM:Germany SPM:Germany

Address

Alsdorfer Strasse 3, Koln, DEU, 50933

Website

http://www.splendidmedien.com

splendid medien AG is a Germany-based media company. It develops, produces and markets films and entertainment programs in the cinema and television, and provides services for the film and television industry. The company operates its business in two segments content and services. It's content segment covers licensing with film rights, film exploitation in cinema and home entertainment (DVD, Blu-ray disc, video-on-demand VoD, electronic sell-through EST), marketing of edutainment programs and music content as well as film production. The Services segment provides specializing in digitization / new media and dubbing.

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