Unity Software (FRA:US3) Receivables Turnover : 0.75 (As of Mar. 2024)

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What is Unity Software 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. Unity Software's Revenue for the three months ended in Mar. 2024 was €424 Mil. Unity Software's average Accounts Receivable for the three months ended in Mar. 2024 was €566 Mil. Hence, Unity Software's Receivables Turnover for the three months ended in Mar. 2024 was 0.75.

Unity Software Receivables Turnover Historical Data

The historical data trend for Unity Software'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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Unity Software Receivables Turnover Chart

Unity Software Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.06

3.10

3.73

2.92

3.46

Unity Software Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.80	0.85	0.89	0.99	0.75

Competitive Comparison of Unity Software's Receivables Turnover

For the Software - Application subindustry, Unity Software'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.

Unity Software's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Unity Software's Receivables Turnover falls into.

Unity Software Receivables Turnover Calculation

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

Unity Software'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 )
=	2005.77	/ (	(598.284	+	560.95)	/	2 )
=	2005.77	/	579.617
=	3.46

Unity Software's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	423.55	/ (	(560.95	+	571.489)	/	2 )
=	423.55	/	566.2195
=	0.75

Unity Software (FRA:US3) 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.

Unity Software Receivables Turnover Related Terms

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Unity Software (FRA:US3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Unity Software Inc (FRA:US3) » Definitions » Receivables Turnover

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U:USA U:Mexico U2ST34:Brazil

Address

30 3rd Street, San Francisco, CA, USA, 94103-3104

Website

https://www.unity.com

Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC and Other Americas, of which key revenue is derived from the EMEA region. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.

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