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NorthStar Gaming Holdings (TSXV:BET) Receivables Turnover : 6.62 (As of Dec. 2023)


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What is NorthStar Gaming Holdings 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. NorthStar Gaming Holdings's Revenue for the three months ended in Dec. 2023 was C$6.45 Mil. NorthStar Gaming Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.97 Mil. Hence, NorthStar Gaming Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 6.62.

NorthStar Gaming Holdings Receivables Turnover Historical Data

The historical data trend for NorthStar Gaming Holdings'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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NorthStar Gaming Holdings Receivables Turnover Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23
Receivables Turnover
- 24.97

NorthStar Gaming Holdings Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover - 11.92 8.31 10.34 6.62

Competitive Comparison of NorthStar Gaming Holdings's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NorthStar Gaming Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NorthStar Gaming Holdings's Receivables Turnover falls into.


NorthStar Gaming Holdings Receivables Turnover Calculation

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

NorthStar Gaming Holdings'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: Jun. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=19.413 / ((0.005 + 1.55) / 2 )
=19.413 / 0.7775
=24.97

NorthStar Gaming Holdings'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 )
=6.451 / ((0.398 + 1.55) / 2 )
=6.451 / 0.974
=6.62

* 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.

NorthStar Gaming Holdings  (TSXV:BET) 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.

NorthStar Gaming Holdings Receivables Turnover Related Terms

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NorthStar Gaming Holdings (TSXV:BET) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NorthStar Gaming Holdings Inc (TSXV:BET) » Definitions » Receivables Turnover
Comparable Companies
TSX:EAGR TSX:VRTS XCNQ:VST XCNQ:TIDL XCNQ:GET XCNQ:AIC TSXV:WAGR TSXV:GAME TSXV:BP TSXV:GOOD ATVI ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
NSBBF:USA
Address
220 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2
Website
https://www.northstargaming.ca
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.
Executives
Corey Goodman Senior Officer

NorthStar Gaming Holdings (TSXV:BET) Headlines

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