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. Meredith's Revenue for the
three
months ended in Sep. 2021 was $709 Mil. Meredith's average Accounts Receivable for the
three
months ended in Sep. 2021 was $501 Mil.
Hence, Meredith's Receivables Turnover for the
three
months ended in Sep. 2021 was 1.41.
Meredith Receivables Turnover Historical Data
The historical data trend for Meredith'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 Meredith's Receivables Turnover
For the Publishing subindustry, Meredith'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.
Meredith's Receivables Turnover Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Meredith's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Meredith's Receivables Turnover falls into.
Meredith Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Meredith's Receivables Turnover for the fiscal year that ended in Jun. 2021 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.
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.
Meredith Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Meredith's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.
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