Starbox Group Holdings (Starbox Group Holdings) Receivables Turnover : 1.08 (As of Sep. 2023)

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What is Starbox Group 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. Starbox Group Holdings's Revenue for the six months ended in Sep. 2023 was $7.77 Mil. Starbox Group Holdings's average Accounts Receivable for the six months ended in Sep. 2023 was $7.20 Mil. Hence, Starbox Group Holdings's Receivables Turnover for the six months ended in Sep. 2023 was 1.08.

Starbox Group Holdings Receivables Turnover Historical Data

The historical data trend for Starbox Group 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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Starbox Group Holdings Receivables Turnover Chart

Starbox Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

0.55

3.85

4.24

2.05

Starbox Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.24	1.45	1.81	1.13	1.08

Competitive Comparison of Starbox Group Holdings's Receivables Turnover

For the Internet Content & Information subindustry, Starbox Group 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.

Starbox Group Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Starbox Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Starbox Group Holdings's Receivables Turnover falls into.

Starbox Group Holdings Receivables Turnover Calculation

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

Starbox Group Holdings's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	11.741	/ (	(2.033	+	9.405)	/	2 )
=	11.741	/	5.719
=	2.05

Starbox Group Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	7.765	/ (	(4.987	+	9.405)	/	2 )
=	7.765	/	7.196
=	1.08

Starbox Group Holdings (NAS:STBX) 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.

Starbox Group Holdings Receivables Turnover Related Terms

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Starbox Group Holdings (Starbox Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Starbox Group Holdings Ltd (NAS:STBX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.starboxholdings.com

Starbox Group Holdings Ltd engages in developing cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises. Through the firm's subsidiaries in Malaysia, it connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants. Substantially all of our current operations are located in Malaysia. It operates in three segments: digital advertising services, cash rebate services, and payment solution services.