Sportradar Group AG (Sportradar Group AG) Receivables Turnover : 3.45 (As of Mar. 2024)

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What is Sportradar Group AG 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. Sportradar Group AG's Revenue for the three months ended in Mar. 2024 was $289 Mil. Sportradar Group AG's average Accounts Receivable for the three months ended in Mar. 2024 was $84 Mil. Hence, Sportradar Group AG's Receivables Turnover for the three months ended in Mar. 2024 was 3.45.

Sportradar Group AG Receivables Turnover Historical Data

The historical data trend for Sportradar Group AG'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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Sportradar Group AG Receivables Turnover Chart

Sportradar Group AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

30.26

22.95

18.84

14.66

13.21

Sportradar Group AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												3.18	3.31	3.19	3.85	3.45

Competitive Comparison of Sportradar Group AG's Receivables Turnover

For the Software - Application subindustry, Sportradar Group AG'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.

Sportradar Group AG's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Sportradar Group AG's Receivables Turnover falls into.

Sportradar Group AG Receivables Turnover Calculation

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

Sportradar Group AG'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 )
=	957.057	/ (	(67.174	+	77.695)	/	2 )
=	957.057	/	72.4345
=	13.21

Sportradar Group AG'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 )
=	289.015	/ (	(77.695	+	89.974)	/	2 )
=	289.015	/	83.8345
=	3.45

Sportradar Group AG (NAS:SRAD) 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.

Sportradar Group AG Receivables Turnover Related Terms

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Sportradar Group AG (Sportradar Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sportradar Group AG (NAS:SRAD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1M4:Germany

Address

Feldlistrasse 2, St. Gallen, CHE, CH-9000

Website

https://www.sportradar.com

Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the global sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.