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SDM (Smart Digital Group) Receivables Turnover : 1.06 (As of Sep. 2024)


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What is Smart Digital 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. Smart Digital Group's Revenue for the six months ended in Sep. 2024 was $13.30 Mil. Smart Digital Group's average Accounts Receivable for the six months ended in Sep. 2024 was $12.49 Mil. Hence, Smart Digital Group's Receivables Turnover for the six months ended in Sep. 2024 was 1.06.

Smart Digital Group Receivables Turnover Historical Data

The historical data trend for Smart Digital 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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Smart Digital Group Receivables Turnover Chart

Smart Digital Group Annual Data
Trend Sep22 Sep23
Receivables Turnover
0.63 1.63

Smart Digital Group Semi-Annual Data
Sep22 Mar23 Sep23 Mar24 Sep24
Receivables Turnover - 0.61 0.88 0.69 1.06

Competitive Comparison of Smart Digital Group's Receivables Turnover

For the Advertising Agencies subindustry, Smart Digital 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.

Smart Digital Group's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Smart Digital Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Smart Digital Group's Receivables Turnover falls into.


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Smart Digital Group Receivables Turnover Calculation

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

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

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Accounts Receivable
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=9.702 / ((2.911 + 9.024) / 2 )
=9.702 / 5.9675
=1.63

Smart Digital Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=13.301 / ((14.775 + 10.214) / 2 )
=13.301 / 12.4945
=1.06

* 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.

Smart Digital Group  (NAS:SDM) 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.

Smart Digital Group Receivables Turnover Related Terms

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Smart Digital Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smart Digital Group Ltd (NAS:SDM) » Definitions » Receivables Turnover
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Traded in Other Exchanges
N/A
Address
150 Beach Road, 805/06 Gateway West, Singapore, SGP, 189720
Website
http://www.smdmeta.com
Smart Digital Group Ltd is a holding company and operates through subsidiaries. It is engaged in event planning and execution services. The company services include (1) event planning and execution services (2) internet media services, (3) software customization and marketing services, and (4) business planning and consulting services. Company generates key revenue from internet media services which include developing marketing strategies, designing marketing content, distributing such marketing content on select internet platforms and other related services.