Gamania Digital Entertainment Co (ROCO:6180) Receivables Turnover : 3.95 (As of Mar. 2024)

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What is Gamania Digital Entertainment Co 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. Gamania Digital Entertainment Co's Revenue for the three months ended in Mar. 2024 was NT$3,332 Mil. Gamania Digital Entertainment Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$843 Mil. Hence, Gamania Digital Entertainment Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.95.

Gamania Digital Entertainment Co Receivables Turnover Historical Data

The historical data trend for Gamania Digital Entertainment Co'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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Gamania Digital Entertainment Co Receivables Turnover Chart

Gamania Digital Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.46

10.28

12.32

13.45

13.75

Gamania Digital Entertainment Co 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															3.59	2.64	4.01	3.18	3.95

Competitive Comparison of Gamania Digital Entertainment Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Gamania Digital Entertainment Co'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.

Gamania Digital Entertainment Co's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Gamania Digital Entertainment Co's Receivables Turnover falls into.

Gamania Digital Entertainment Co Receivables Turnover Calculation

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

Gamania Digital Entertainment Co'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 )
=	9790.86	/ (	(806.017	+	618.623)	/	2 )
=	9790.86	/	712.32
=	13.75

Gamania Digital Entertainment Co'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 )
=	3332.223	/ (	(618.623	+	1066.462)	/	2 )
=	3332.223	/	842.5425
=	3.95

Gamania Digital Entertainment Co (ROCO:6180) 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.

Gamania Digital Entertainment Co Receivables Turnover Related Terms

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Gamania Digital Entertainment Co (ROCO:6180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gamania Digital Entertainment Co Ltd (ROCO:6180) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No.111, Ruihu Street, Neihu District, Taipei, TWN, 11494

Website

https://www.gamania.com

Gamania Digital Entertainment Co Ltd is engaged in developing software for online games, multi-platform digital content, animation, and all forms of digital entertainment. The company's digital entertainment platform beanfun offers a great variety of game genres. The majority of the revenue is generated from online and mobile games. The company operates in Taiwan, Asia, and other countries, out of which Taiwan accounts for the majority of the revenue.

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