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New Momentum Corporation  (EKKH)
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New Momentum Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022

Quarterly Results, Trends, Rankings, Statistics


New Momentum Corporation's ability to collect accounts receivable sequentially worsen to 57.43, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. New Momentum's Average receivable collection period in the Sep 30 2023 quarter, has increased to 6 days, from 5 days, in the Jun 30 2023 quarter.

If we take a look into Technology sector 4 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 28, from overall ranking in the second quarter 2023 at 192.

What is Receivable Turnover Ratio?
What is New Momentum Corporation Selling?


What is Receivable Turnover Ratio?




EKKH Receivables Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Receivable Change -86.07 % 514.61 % 513.07 % 53.46 % 756.18 %
Y / Y Revenue Change -92.36 % -81.18 % 6223950 % -7.01 % 10.28 %
Receivable Turnover Ratio (TTM) 57.43 79.58 115.46 115.34 159.85
EKKH's Total Ranking # 28 # 192 # 174 # 173 # 68
Average receivable collection period 6 5 3 3 2
Seq. Receivable Change -82.5 % 0.37 % -78.88 % 275.45 % 672.1 %
Seq. Revenue Change -55.04 % -54.78 % -58.71 % -9.03 % 10.81 %


Receivable Turnover Company Ranking
Within: No.
Internet Services & Social Media Industry # 1
Technology Sector # 5
Overall Market # 28

Receivable Turnover Ratio Statistics
High Average Low
14.7 9.74 4.61
(Dec 31 2021)   (Sep 30 2023)






Financial Statements
New Momentum's Accounts Receivable $ 0 Millions Visit EKKH's Balance sheet
New Momentum's Sales TTM $ 1 Millions Visit EKKH's Income Statement
Where are EKKH's Sales coming from? Visit EKKH's Sales by Geography

Other Accounts Receivable Turnover Ratios
Internet Services & Social Media Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
EKKH's Receivable Turnover Ratio versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for EKKH's Competitors
Receivables Turnover Ratio for EKKH's Suppliers
Accounts Receivables Turnover Ratio for EKKH's Customers

You may also want to know
EKKH's Growth Rates EKKH's Roa EKKH's Inventory Turnover Ratio EKKH's Dividend Comparisons
EKKH's Profitability Ratios EKKH's Roi EKKH's Asset Turnover Ratio EKKH's Dividend Growth
EKKH's Valuation Ratios EKKH's Roe EKKH's Financial Strength Ratios EKKH's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector Receivable Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Receivable at quarter ending Sep 30 2023
Applied Digital Corporation  823.94 $ 96.195  Millions$ 0.117  Millions
Clear Secure Inc   601.55 $ 570.867  Millions$ 0.949  Millions
Marathon Digital Holdings Inc   495.03 $ 265.088  Millions$ 0.536  Millions
Alpha Technology Group Ltd  269.91 $ 1.110  Millions$ 0.004  Millions
Data443 Risk Mitigation Inc   148.61 $ 3.040  Millions$ 0.020  Millions

Date modified: 2023-11-21T19:30:29+00:00



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