Digital Bros SpA (LTS:0N8R) Receivables Turnover : 2.24 (As of Dec. 2023)

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What is Digital Bros SpA 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. Digital Bros SpA's Revenue for the three months ended in Dec. 2023 was €26.9 Mil. Digital Bros SpA's average Accounts Receivable for the three months ended in Dec. 2023 was €12.0 Mil. Hence, Digital Bros SpA's Receivables Turnover for the three months ended in Dec. 2023 was 2.24.

Digital Bros SpA Receivables Turnover Historical Data

The historical data trend for Digital Bros SpA'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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Digital Bros SpA Receivables Turnover Chart

Digital Bros SpA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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2.53

4.77

6.42

5.74

5.63

Digital Bros SpA 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															1.39	1.65	1.62	2.24	2.18

Competitive Comparison of Digital Bros SpA's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Digital Bros SpA'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.

Digital Bros SpA's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Digital Bros SpA's Receivables Turnover falls into.

Digital Bros SpA Receivables Turnover Calculation

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

Digital Bros SpA's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	117.932	/ (	(27.781	+	14.104)	/	2 )
=	117.932	/	20.9425
=	5.63

Digital Bros SpA's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	26.904	/ (	(10.832	+	13.174)	/	2 )
=	26.904	/	12.003
=	2.24

Digital Bros SpA (LTS:0N8R) 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.

Digital Bros SpA Receivables Turnover Related Terms

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Digital Bros SpA (LTS:0N8R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Digital Bros SpA (LTS:0N8R) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DIB:Italy DB7:Germany

Address

Via Tortona, 37, Milan, ITA, 20144

Website

https://www.digitalbros.com

Digital Bros SpA develops, publishes, distributes, and markets video games. The company operates in various business segments that are Premium Games; Free to Play; Italian Distribution; Other activities and Holding. It generates maximum revenue from the Premium Games segment. Premium Games operations consist of the acquisition of video game content exploitation rights from developers and the subsequent distribution of the games through a traditional international retail sales network and via digital marketplaces such as Steam, Sony PlayStation Network, Microsoft Xbox Live, Epic Game Store, and others. Geographically, it derives a majority of revenue from the Americas.

Digital Bros SpA (LTS:0N8R) Headlines

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