Phoenix Media Investment (Holdings) (HKSE:02008) Receivables Turnover : 1.95 (As of Dec. 2023)

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What is Phoenix Media Investment (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. Phoenix Media Investment (Holdings)'s Revenue for the six months ended in Dec. 2023 was HK$1,335 Mil. Phoenix Media Investment (Holdings)'s average Accounts Receivable for the six months ended in Dec. 2023 was HK$686 Mil. Hence, Phoenix Media Investment (Holdings)'s Receivables Turnover for the six months ended in Dec. 2023 was 1.95.

Phoenix Media Investment (Holdings) Receivables Turnover Historical Data

The historical data trend for Phoenix Media Investment (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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Phoenix Media Investment (Holdings) Receivables Turnover Chart

Phoenix Media Investment (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.68

2.64

2.81

3.10

3.18

Phoenix Media Investment (Holdings) 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															1.72	1.45	1.58	1.40	1.95

Competitive Comparison of Phoenix Media Investment (Holdings)'s Receivables Turnover

For the Internet Content & Information subindustry, Phoenix Media Investment (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.

Phoenix Media Investment (Holdings)'s Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Phoenix Media Investment (Holdings)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Phoenix Media Investment (Holdings)'s Receivables Turnover falls into.

Phoenix Media Investment (Holdings) Receivables Turnover Calculation

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

Phoenix Media Investment (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 )
=	2467.957	/ (	(899.782	+	650.685)	/	2 )
=	2467.957	/	775.2335
=	3.18

Phoenix Media Investment (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 )
=	1334.88	/ (	(720.78	+	650.685)	/	2 )
=	1334.88	/	685.7325
=	1.95

Phoenix Media Investment (Holdings) (HKSE:02008) 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.

Phoenix Media Investment (Holdings) Receivables Turnover Related Terms

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Phoenix Media Investment (Holdings) (HKSE:02008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Phoenix Media Investment (Holdings) Ltd (HKSE:02008) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 2-6 Dai King Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://phtv.ifeng.com

Phoenix Media Investment (Holdings) Ltd is engaged in satellite television broadcasting and the provision of new media services. The group mainly operates in five segments; Television broadcasting, Internet media, Outdoor media, Real estate, and Other activities. It generates maximum revenue from the Television broadcasting segment. The Television broadcasting business is engaged in the broadcasting of television programs and commercials and the provision of promotion activities.

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