Liquid Media Group (Liquid Media Group) Receivables Turnover : 1.43 (As of Aug. 2022)

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What is Liquid Media 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. Liquid Media Group's Revenue for the three months ended in Aug. 2022 was $1.53 Mil. Liquid Media Group's average Accounts Receivable for the three months ended in Aug. 2022 was $1.08 Mil. Hence, Liquid Media Group's Receivables Turnover for the three months ended in Aug. 2022 was 1.43.

Liquid Media Group Receivables Turnover Historical Data

The historical data trend for Liquid Media 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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Liquid Media Group Receivables Turnover Chart

Liquid Media Group Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Nov19

Nov20

Nov21

Receivables Turnover

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0.04

0.13

2.95

Liquid Media Group Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
Receivables Turnover	Get a 7-Day Free Trial															2.00	2.93	1.74	2.58	1.43

Competitive Comparison of Liquid Media Group's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Liquid Media 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.

Liquid Media Group's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Liquid Media Group's Receivables Turnover falls into.

Liquid Media Group Receivables Turnover Calculation

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

Liquid Media Group's Receivables Turnover for the fiscal year that ended in Nov. 2021 is calculated as

	Receivables Turnover (A: Nov. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2021 )	/ (	(Accounts Receivable (A: Nov. 2020 )	+	Accounts Receivable (A: Nov. 2021 ))	/	count )
=	0.768	/ (	(0.008	+	0.512)	/	2 )
=	0.768	/	0.26
=	2.95

Liquid Media Group's Receivables Turnover for the quarter that ended in Aug. 2022 is calculated as

	Receivables Turnover (Q: Aug. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2022 )	/ (	(Accounts Receivable (Q: May. 2022 )	+	Accounts Receivable (Q: Aug. 2022 ))	/	count )
=	1.534	/ (	(1.13	+	1.022)	/	2 )
=	1.534	/	1.076
=	1.43

Liquid Media Group (OTCPK:YVRLF) 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.

Liquid Media Group Receivables Turnover Related Terms

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Liquid Media Group (Liquid Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Liquid Media Group Ltd (OTCPK:YVRLF) » Definitions » Receivables Turnover

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Address

409 Granville Street, Suite 1000, United Kingdom Building, Vancouver, BC, CAN, V6C 1T2

Website

https://www.liquidmediagroup.co

Liquid Media Group Ltd is an entertainment company with a portfolio of content IP (Intellectual Property) spanning creative industries. Originating in Vancouver's media and entertainment supercluster, the company's mission is to empower storytellers to develop, produce and distribute across channels and platforms. Its operating segment includes investment in video games andinvestment in the distribution of films.