17LIVE Group (SGX:LVR) Receivables Turnover : 15.80 (As of Dec. 2023)

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What is 17LIVE 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. 17LIVE Group's Revenue for the six months ended in Dec. 2023 was S$371.6 Mil. 17LIVE Group's average Accounts Receivable for the six months ended in Dec. 2023 was S$23.5 Mil. Hence, 17LIVE Group's Receivables Turnover for the six months ended in Dec. 2023 was 15.80.

17LIVE Group Receivables Turnover Historical Data

The historical data trend for 17LIVE 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.

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17LIVE Group Receivables Turnover Chart

17LIVE Group Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

15.91

13.65

17LIVE Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	15.91	-	15.80

Competitive Comparison of 17LIVE Group's Receivables Turnover

For the Software - Application subindustry, 17LIVE 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.

17LIVE Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, 17LIVE Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 17LIVE Group's Receivables Turnover falls into.

17LIVE Group Receivables Turnover Calculation

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

17LIVE Group'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 )
=	371.559	/ (	(30.906	+	23.517)	/	2 )
=	371.559	/	27.2115
=	13.65

17LIVE Group'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 )
=	371.559	/ (	(0	+	23.517)	/	1 )
=	371.559	/	23.517
=	15.80

17LIVE Group (SGX:LVR) 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.

17LIVE Group Receivables Turnover Related Terms

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17LIVE Group (SGX:LVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 17LIVE Group Ltd (SGX:LVR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 North Bridge Road, No.11-01, Raffles City Tower, Singapore, SGP, 179101

Website

https://www.vertexspac.com

17LIVE Group Ltd Formerly Vertex Technology Acquisition Corp Ltd is a special-purpose investment vehicle intended to provide public market investors with access to a value-creating business at a fast growth stage of its life cycle and at the forefront of technological transformation.

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