What is AB International 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. AB International Group's Revenue for the
three
months ended in Feb. 2024 was $0.39 Mil. AB International Group's average Accounts Receivable for the
three
months ended in Feb. 2024 was $0.06 Mil.
Hence, AB International Group's Receivables Turnover for the
three
months ended in Feb. 2024 was 6.75.
AB International Group Receivables Turnover Historical Data
The historical data trend for AB International 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.
Competitive Comparison of AB International Group's Receivables Turnover
For the Entertainment subindustry, AB International 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.
AB International Group's Receivables Turnover Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AB International Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where AB International Group's Receivables Turnover falls into.
AB International Group Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
AB International Group's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as
* 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.
AB International Group (OTCPK:ABQQ) 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.
AB International Group Receivables Turnover Related Terms
Thank you for viewing the detailed overview of AB International Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
AB International Group (AB International Group) Business Description
AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.
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