Great Canadian Gaming (Great Canadian Gaming) Receivables Turnover : 2.34 (As of Jun. 2021)

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What is Great Canadian Gaming 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. Great Canadian Gaming's Revenue for the three months ended in Jun. 2021 was $57.9 Mil. Great Canadian Gaming's average Accounts Receivable for the three months ended in Jun. 2021 was $24.7 Mil. Hence, Great Canadian Gaming's Receivables Turnover for the three months ended in Jun. 2021 was 2.34.

Great Canadian Gaming Receivables Turnover Historical Data

The historical data trend for Great Canadian Gaming'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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Great Canadian Gaming Receivables Turnover Chart

Great Canadian Gaming Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

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74.81

42.23

29.97

23.08

10.85

Great Canadian Gaming Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Receivables Turnover	Get a 7-Day Free Trial															0.93	0.91	2.42	1.86	2.34

Competitive Comparison of Great Canadian Gaming's Receivables Turnover

For the Gambling subindustry, Great Canadian Gaming'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.

Great Canadian Gaming's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Great Canadian Gaming's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Great Canadian Gaming's Receivables Turnover falls into.

Great Canadian Gaming Receivables Turnover Calculation

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

Great Canadian Gaming's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	345.304	/ (	(46.245	+	17.41)	/	2 )
=	345.304	/	31.8275
=	10.85

Great Canadian Gaming's Receivables Turnover for the quarter that ended in Jun. 2021 is calculated as

	Receivables Turnover (Q: Jun. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2021 )	/ (	(Accounts Receivable (Q: Mar. 2021 )	+	Accounts Receivable (Q: Jun. 2021 ))	/	count )
=	57.856	/ (	(27.369	+	22.013)	/	2 )
=	57.856	/	24.691
=	2.34

Great Canadian Gaming (OTCPK:GCGMF) 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.

Great Canadian Gaming Receivables Turnover Related Terms

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Great Canadian Gaming (Great Canadian Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Great Canadian Gaming Corp (OTCPK:GCGMF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Wynford Drive, North York, ON, CAN, M3C 3K5

Website

https://www.gcgaming.com

Great Canadian Gaming Corp is a gambling, entertainment, and hospitality company that operates throughout Canada. The company's operations are divided into three segments based on geography: Ontario, British Columbia, and Atlantic. The company generates over half of its revenue from the Ontario region. Great Canadian Gaming Corp offerings include casinos with slot machines, table games, and food and beverage; outdoor horse racing tracks; and hotels, community gaming spots, and related hospitality facilities.

Great Canadian Gaming (Great Canadian Gaming) Headlines

From GuruFocus

Breach Inlet Capital Sends Public Letter to Board of Great Canadian Gaming

By Business Wire Business Wire • 12-09-2020